Circle Launches USDC on HyperEVM, Gaining Edge Over USDH
In a strategic move to establish dominance within the emerging Hyperliquid ecosystem, Circle, the issuer behind the second-largest stablecoin USDC, has officially launched its native USDC on the innovative HyperEVM Layer 1 blockchain. This announcement, made on September 16, comes on the heels of a notable governance vote regarding the newly proposed USDH stablecoin, positioning Circle to strengthen its foothold in the decentralized finance (DeFi) landscape. Circle’s foray into the HyperEVM follows a $4.6 million acquisition of HYPE tokens by a wallet associated with Circle, which took place shortly after the governance vote for USDH. The vote saw the Native












