Circle co-founder and CEO Jeremy Allaire said in a post on X that don't be fooled by the hype. Circle will become a major player and contributor in the Hyperliquid ecosystem. It's great to see others buying the new dollar stablecoin code and competing, but with deep liquidity and near-instant cross-chain interoperability, USDC is sure to be warmly welcomed by the market.
Previously, Hyperliquid announced the launch of its own stablecoin USDH, and four institutions, Paxos, Frax Finance, Agora, and Native Markets, have submitted bidding proposals. Ethena has also hinted that it will participate in the competition.
Circle CEO: Don't be fooled by the hype, Circle will become a major player and contributor to the Hyperliquid ecosystem
2025-09-08 02:21:42
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