Web3
Circle Says 90% of Hyperliquid's $5.5B USDC Held on Coinbase
COINOTAG·August 8, 2026·1 min read
Circle's Q2 call revealed that 90% of Hyperliquid's $5.5 billion USDC is held on Coinbase. The Coinbase pact was renewed unchanged, and Circle's CCTP reached OKX's X Layer. This highlights the concentration of Hyperliquid's USDC holdings on the Coinbase exchange.
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