{"id":57889,"date":"2026-05-14T22:53:21","date_gmt":"2026-05-14T22:53:21","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=57889"},"modified":"2026-05-14T22:53:21","modified_gmt":"2026-05-14T22:53:21","slug":"hyperliquid-hype-gains-14-with-usdc-expansion-by-coinbase","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/hyperliquid-hype-gains-14-with-usdc-expansion-by-coinbase\/","title":{"rendered":"Hyperliquid (HYPE) Gains 14% with USDC Expansion by Coinbase"},"content":{"rendered":"\n

The expanding landscape of cryptocurrency continues to evolve, with significant developments emerging from exchanges and stablecoin providers. Recently, Coinbase (COIN) announced a pivotal collaboration within the Hyperliquid (HYPE) ecosystem, focused on enhancing support for Circle’s USDC stablecoin.<\/p>\n

In a recent blog post<\/a>, Coinbase revealed its intention to take on the role of official treasury deployer for USDC on the Hyperliquid platform. This initiative entails recognizing USDC as an Aligned Quote Asset (AQA), while the existing USDH token is set to be gradually phased out.<\/p>\n

<\/span>Coinbase’s New Role and USDH Transition<\/span><\/h2>\n

The official Hyperliquid account on X (formerly Twitter) elaborated that the technical deployment of the infrastructure will be managed by Circle, responsible for crucial aspects like the Cross-Chain Transfer Protocol (CCTP) and other native cross-chain tools.<\/p>\n

Additionally, both Coinbase and Circle plan to stake HYPE tokens to activate the AQAv2 functionality. This arrangement also includes an agreement with Native Markets, granting Coinbase the rights to acquire assets related to the USDH brand.<\/p>\n

One of the primary facets of Coinbase’s strategy involves the management of reserve proceeds. As treasury deployer, Coinbase has committed to sharing the majority of reserve yield revenue with the Hyperliquid protocol, thereby enhancing the financial ecosystem.<\/p>\n

Coinbase has positioned this change as a step toward making USDC the most integrated stablecoin on Hyperliquid. Furthermore, as part of a forthcoming network upgrade, USDC is expected to be used as the quote asset in canonical outcome markets (HIP-4).<\/p>\n

It is important to note that this migration will not happen abruptly for users. Over the next few months, users will still be able to redeem USDH for USDC or fiat without incurring fees, facilitated through Native Markets’ USDH Dashboard.<\/p>\n

To support the transition, Coinbase indicated that the Hyper Foundation will provide grants to eligible HIP-3 and HIP-1 deployers, as well as developers who previously integrated USDH.<\/p>\n

<\/span>Market Response and HYPE Token Performance<\/span><\/h2>\n

Circle also issued a statement regarding this collaboration, confirming that USDC will serve as the primary collateral across all Hyperliquid markets. Additionally, Circle plans to stake 500,000 HYPE tokens while working towards achieving validator status on the network.<\/p>\n

Coinbase emphasized its commitment to supporting builders on HyperEVM by enhancing stablecoin liquidity, describing this move as a continuation of that strategy. The company expressed enthusiasm for furthering its support of the ecosystem and anticipates continued growth for USDC on Hyperliquid.<\/p>\n

In response to these announcements, the market reacted positively. HYPE, the native token of Hyperliquid, experienced a significant increase after a successful vote on the CLARITY Act in the Senate Banking Committee\u2014a change that cleared a path for the bill to proceed to a full Senate vote.<\/p>\n

At the latest update, HYPE was trading at $44.50, marking a 14% increase over the past 24 hours. This rise positions Hyperliquid approximately 24% below its all-time high of $59, which was achieved during the previous year’s bullish market conditions.<\/p>\n

\"Hyperliquid\"<\/p>\n

Image created with OpenArt; chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"

The expanding landscape of cryptocurrency continues to evolve, with significant developments emerging from exchanges and stablecoin providers. Recently, Coinbase (COIN) announced a pivotal collaboration within the Hyperliquid (HYPE) ecosystem, focused on enhancing support for Circle’s USDC stablecoin. In a recent blog post, Coinbase revealed its intention to take on the role of official treasury deployer […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Hyperliquid (HYPE) Gains 14% with USDC Expansion by Coinbase - Bitrabo","description":"The expanding landscape of cryptocurrency continues to evolve, with significant developments emerging from exchanges and stablecoin providers. Recently, Coinbas"},"footnotes":""},"categories":[316],"tags":[1071,660,1407,3526,4510,684,1700,1202],"class_list":["post-57889","post","type-post","status-publish","format-standard","hentry","category-crypto-news","tag-circle","tag-coinbase","tag-expand","tag-hype","tag-hyperliquid","tag-integration","tag-surges","tag-usdc"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=57889"}],"version-history":[{"count":2,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57889\/revisions"}],"predecessor-version":[{"id":57891,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/57889\/revisions\/57891"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=57889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=57889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=57889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}