LT
Lucas Tcheyan@Uptodatenow
Curated by Fundamental Labs · posted 26d
USDC Secures Hyperliquid Crown
Lucas reports USDC secures Hyperliquid's quote-asset role as Coinbase effectively acquires USDH, with Circle deployed technically and Coinbase as treasury deployer sharing 90%+ of reserve yield. HL gains $160M+ in annual revenue—a 20% bump over $760M projected 2026 revenue—while eliminating UX friction that hindered HIP-4 trading velocity. Coinbase locks in USDC incumbency at the moment HIP-4 made it most contestable, and the deal structurally enables Coinbase to deploy perps and outcome markets on HL rather than building on Base.
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