Coinbase (COIN) backs Hyperliquid (HYPE) stablecoin push as DeFi trading volumes climb

Coinbase (COIN) backs Hyperliquid (HYPE) stablecoin push as DeFi trading volumes climb

Coinbase will manage USDC liquidity on Hyperliquid, deepening ties with one of crypto’s fastest-growing trading platforms.

HYPE jumps as Coinbase and Circle back Hyperliquid’s stablecoin model

Coinbase and Circle's commitment to Hyperliquid's AQAv2 upgrade sent HYPE up to roughly $45 on May 14, a deal that makes USDC the platform's aligned quote asset and directs the vast majority of reserve-yield revenue back to the protocol. The rally reflected traders reading the announcement as institutional validation of the protocol-aligned stablecoin model pioneered by Native Markets' USDH on Hyperliquid. Under AQAv2, Coinbase becomes the offic…

Hyperliquid phases out USDH as Coinbase steps into a bigger role – Here’s how!

The network is simplifying its stablecoin structure.

CoinStats - Hyperliquid phases out USDH as Coinbase steps...

The network is simplifying its stablecoin structure.

Bitwise Hyperliquid ETF to start trading Friday as HYPE rallies on Coinbase USDC deal

The post Bitwise Hyperliquid ETF to start trading Friday as HYPE rallies on Coinbase USDC deal appeared on BitcoinEthereumNews.com. Bitwise will launch its Hyperliquid ETF on Friday, giving investors direct exposure to spot HYPE as institutional demand for Hyperliquid-linked products accelerates. Introducing the Bitwise Hyperliquid ETF $BHYP—offering 100% direct exposure to spot HYPE. And the first to use in-house staking, rather than a third-pa…