Native USDC & CCTP V2 are Coming to Hyperliquid: What You Need to Know

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We’re excited to announce that native USDC and CCTP V2 are coming soon to Hyperliquid!

Hyperliquid is a high-performance blockchain built for decentralized finance. It brings together HyperCore, which comprises performant native primitives such as an order book DEX, and the HyperEVM, which is for general purpose smart contracts to access the deep liquidity on HyperCore. 

Native USDC and CCTP V2 will be deployed on HyperEVM, enabling USDC deposits to HyperCore and any HyperEVM app.

Benefits of native USDC on Hyperliquid:

• Offers a regulated¹, fully reserved digital dollar redeemable 1:1 for US dollars²
• Enables institutional on/offramps like Circle Mint³ for eligible users
• Integrates easily into HyperEVM apps
  
  

With CCTP V2, developers will be able to:

• Let users move native USDC securely between Hyperliquid and the network of supported blockchains with 1:1 capital efficiency
• Build apps for seamless crosschain onboarding, swaps, purchases, treasury rebalancing and more with a smooth user experience

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Key Use Cases

Native USDC serves as a foundational building block for a range of use cases across the Hyperliquid ecosystem, including:

• Perpetuals and spot trading: Traders can use USDC as collateral to trade perps or as the quote asset for spot pairs
• Building financial apps: Developers can use USDC in HyperEVM apps for fast settlement,  easy crosschain transfers, and access to a digital dollar that’s designed to maintain a stable value

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Native USDC issued by Circle¹

Token Name: USDC

Token Symbol: USDC

Mainnet Address: Coming Soon

Testnet Address: Coming Soon

Stay tuned for launch

We’re excited about the upcoming arrival of native USDC and CCTP V2 to Hyperliquid! More details to come. Feel free to reach out on Discord and engage with our team if you have any questions.

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1.  USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.

2. Circle Mint customers are able to redeem USDC directly from Circle. In addition, Circle will redeem all USDC presented to it for redemption in compliance with MiCAR, regardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.

3. Circle Mint and money transmission services are provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. A full list of Circle’s licenses can be found here. Circle Mint is currently available only to institutions and is not available to individuals.