Coinbase takes over USDC treasury role on Hyperliquid as USDH stablecoin heads for sunset

Will Warren is transitioning out of his co-CEO role at 0x, the DEX protocol powering billions in monthly trading volume across Coinbase, Robinhood, Phantom, and Kraken.

Native Markets won a competitive governance vote in September to issue USDH on Hyperliquid, beating Paxos and others by arguing ecosystem alignment over financial terms. Eight months and $100 million in supply later, it is selling its brand assets to Coinbase as USDC becomes the protocol's canonical quote asset.

Blockchain.com launched crypto backed loans globally with rates from 1.9%, letting users borrow against BTC, ETH, and USDC. The post Blockchain.com rolls out crypto backed loans for Bitcoin, Ethereum, and USDC holders appeared first on Crypto Briefing.

After last year’s messy split from USDC, Hyperliquid is reconnecting with old friends as Coinbase and Circle return to the center of its trading ecosystem.

Following the price retreat, ICP dropped down to the 55th-biggest cryptocurrency.

Coinbase is now Hyperliquid’s official USDC treasury deployer, replacing USDH as the platform’s primary stablecoin asset. USDC on Hyperliquid has reached roughly $5 billion, doubling year-over-year as on-chain trading demand continues to grow. USDH markets will sunset gradually, with feeless conversions to USDC and fiat redemptions available throughout the transition. Hyperliquid’s integration with Coinbase as […] The post Hyperliquid’s USDC Upgrade Could Reshape On-chain Trading appeared first on Live Bitcoin News.

The stablecoin issuer said Hyperliquid is evolving beyond perpetual futures trading into outcome-based markets. Circle announced it is deepening its partnership with Hyperliquid by becoming the technical deployment partner for USDC on the decentralized trading platform, further embedding the stablecoin…

The post Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer, Increases HYPE Position appeared on BitcoinEthereumNews.com. Crypto exchange Coinbase has expanded its support for Hyperliquid, becoming the perp DEX’s official USDC treasury deployer. The exchange has also acquired the rights to the DEX’s native stablecoin USDH, which it revealed will sunset over time. Coinbase Expands Support For Hyperliquid With USDC Treasury Role In an X post, the crypto exchange announced that it is now Hyperliquid’s official treasury deployer of USDC as an Aligned Quote Asset (AQA). “Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid – USDC delivers exactly that,” the exchange said. Coinbase noted that USDC has been the leading stablecoin on the crypto leverage trading platform since its launch in 2023 and has seen rapid growth within the ecosystem. This move is expected to further solidify the stablecoin’s position as the