# Circle Launches Native USDC on Hyperliquid’s HyperEVM

*Author: Bankless*
*Published: Sep 17, 2025*
*Source: https://www.bankless.com/read/circle-launches-native-usdc-on-hyperliquids-hyperevm*

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Circle (CRCL) is launching a native version of USDC and its Cross-Chain Transfer Protocol v2 on Hyperliquid’s HyperEVM, as part of a deeper integration into the onchain derivatives giant’s ecosystem. 

### **What’s the Scoop?**
- **Native USDC on Hyperliquid:** USDC is now live on HyperEVM, with support for HyperCore coming soon. Circle’s upgraded CCTP v2 integration will enable seamless transfers across over a dozen supported chains.
- **Stakeholder Status:** Circle has purchased HYPE tokens and is exploring becoming a Hyperliquid validator, signaling long-term alignment with the platform and its governance.
- **USDH Still Launching:** Circle’s push comes just after Native Markets was chosen to issue USDH, Hyperliquid’s compliant, native stablecoin. USDC will remain supported as a quote asset if it meets staking and liquidity thresholds.
- **$6B+ in USDC Held:** USDC is already dominant on Hyperliquid, with nearly $6 billion in reserves. Circle’s new incentives aim to expand usage across on- and off-ramp services, fintechs, and DeFi protocols.