Coinbase Becomes Hyperliquid's Official USDC Treasury Deployer as USDH Sunsets

Coinbase Becomes Hyperliquid's Official USDC Treasury Deployer as USDH Sunsets

Coinbase became Hyperliquid’s official treasury deployer for USDC on Thursday, acquiring the right to purchase the brand assets of USDH, the Hyperliquid-native stablecoin developed by Native Markets. USDH will sunset gradually as the decentralized exchange consolidates around USDC. The deal deepens Coinbase’s role inside one of the largest onchain perpetuals venues. Coinbase will deploy USDC under Hyperliquid’s Aligned Quote Asset framework, man…

HYPE Explodes 21% Following ETF News and Coinbase Expansion Deal

HYPE surged 21% after ETF launch and strong institutional inflows. Coinbase and Circle integration boosted USDC liquidity and ecosystem buybacks. Analysts warn of short-term pullbacks despite strong trading volume and momentum. Hyperliquid — HYPE, delivered a sharp rally that caught many traders off guard. The token surged more than 21% within a single day. Price action pushed Hyperliquid back into the spotlight across major exchanges. Momentum …

A Little-Known Crypto Trade Is Suddenly Pulling In ETF Money After Coinbase Move - Common Shares of Benef

The catalyst came after Coinbase announced it would become Hyperliquid’s official treasury deployer for USDC liquidity management. Market participants viewed the move as a significant institutional endorsement of the fast-growing decentralized derivatives platform. The announcement helped fuel a sharp rally in Hyperliquid’s native HYPE token, which climbed about 14.55% on Thursday, while Hyperliquid-linked ETFs also saw a spike in activity. THY…

HYPE Jumps 17% After Hyperliquid Grants Coinbase Rights to USDH Assets

Key Takeaways HYPE surged 17% to $46.93 after Coinbase committed to staking the token to activate AQAv2 on the protocol. • Hyperliquid will replace USDH …

Coinbase, Circle Bring USDC to Hyperliquid as Circulation Hits $5B News ETHNews

Hyperliquid is winding down its own stablecoin, USDH, and migrating to USDC after striking a deal with Coinbase and Circle. Coinbase will purchase the brand assets of USDH, with users allowed to make feeless conversions to USDC. Coinbase has expanded USDC presence on Hyperliquid by becoming the official treasury deployer of the stablecoin on the decentralized exchange. As a result, Hyperliquid is winding down USDH, its native stablecoin. Announc…