Circle CEO: Don't be fooled by the hype, USDC will seize the Hyperliquid stablecoin market with its liquidity advantage

ChainCatcher news, Circle co-founder and CEO Jeremy Allaire posted on X, stating not to be misled by the hype. Circle will become a major player and contributor in the Hyperliquid ecosystem.

It's great to see others buying new dollar stablecoin codes and participating in the competition, but the USDC, with its deep liquidity and nearly instant cross-chain interoperability, will certainly be welcomed by the market.

Previously, Hyperliquid announced the launch of its own stablecoin USDH, and currently, four institutions—Paxos, Frax Finance, Agora, and Native Markets—have submitted bidding proposals, while Ethena has also hinted at participating in the competition.