{"id":28581,"date":"2026-05-14T13:40:34","date_gmt":"2026-05-14T13:40:34","guid":{"rendered":"https:\/\/bitunikey.com\/news\/coinbase-expands-usdc-reach-through-hyperliquid-treasury-partnership\/"},"modified":"2026-05-14T13:40:49","modified_gmt":"2026-05-14T13:40:49","slug":"coinbase-expands-usdc-reach-through-hyperliquid-treasury-partnership","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/coinbase-expands-usdc-reach-through-hyperliquid-treasury-partnership\/","title":{"rendered":"Coinbase expands USDC reach through Hyperliquid treasury partnership"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>The agreement also includes Native Markets granting Coinbase purchasing rights for USDH-branded assets.<\/p>\n<div id=\"cn-block-summary-block_6511cc59dcad7642e9b6c637add5a795\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Coinbase became the official USDC treasury deployer on Hyperliquid as the exchange deepens its DeFi expansion strategy.<\/li>\n<li>Hyperliquid\u2019s USDC supply has climbed to roughly $5 billion, doubling from a year earlier.<\/li>\n<li>The agreement also grants Coinbase purchasing rights for USDH-branded assets through Native Markets.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinbase.com\/\" target=\"_blank\" rel=\"nofollow\">Coinbase<\/a> has become the official USDC treasury deployer on Hyperliquid, strengthening the crypto exchange\u2019s push to expand the stablecoin\u2019s presence deeper into decentralized finance infrastructure. According to a report from <a>ChainCatcher<\/a>, USDC will now function as an aligned quote asset across the Hyperliquid ecosystem under the new arrangement.<\/p>\n<p>Coinbase adds another layer to the partnership as competition intensifies among stablecoin issuers seeking dominance in decentralized trading ecosystems. Hyperliquid\u2019s circulating USDC supply has reached approximately $5 billion, representing a twofold increase from the same period last year.<\/p>\n<p>The move signals Coinbase\u2019s broader strategy to extend USDC beyond traditional layer-1 and layer-2 blockchain deployments and position the stablecoin more aggressively within DeFi-native trading venues. Hyperliquid has rapidly emerged as one of the largest decentralized perpetual futures exchanges, attracting significant liquidity and trading activity amid growing institutional interest in on-chain derivatives markets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Coinbase deepens stablecoin expansion<\/h2>\n<p>The treasury deployment partnership comes as Coinbase continues expanding its stablecoin infrastructure business alongside Circle, the issuer of USDC. In a previous crypto.news <a>story<\/a>, Coinbase unveiled a Bitcoin yield fund targeting institutional investors outside the United States as part of its broader push into alternative crypto financial products.<\/p>\n<p>Hyperliquid\u2019s rising USDC liquidity also reflects the increasing role stablecoins play in decentralized exchanges and derivatives protocols. According to another crypto.news <a>story<\/a>, stablecoin market capitalization recently climbed to record highs as DeFi activity accelerated across multiple trading ecosystems.<\/p>\n<p>The partnership arrives during a period of heightened competition among stablecoin issuers and trading venues. Earlier this year, crypto.news reported in another <a>story<\/a> that Coinbase was ramping up its derivatives-related offerings as on-chain trading volumes surged.<\/p>\n<p>By integrating more closely with Hyperliquid, Coinbase appears to be positioning USDC as a core liquidity layer for decentralized trading activity, particularly in the fast-growing perpetuals market where capital efficiency and stable settlement assets remain critical.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The agreement also includes Native Markets granting Coinbase purchasing rights for USDH-branded assets. Summary Coinbase became the official USDC treasury deployer on Hyperliquid as the exchange deepens its DeFi expansion&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28581"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28581\/revisions"}],"predecessor-version":[{"id":28582,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28581\/revisions\/28582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1269"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}