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Circle Transfers $4B USDC to Hyperliquid on June 13, Raising HyperEVM Supply to $6B+

GateNews
On-Chain DataPartnerships & Ecosystem
USDC0.01%
HYPE-0.62%
According to Arkham Intelligence, Circle transferred over $4 billion in USDC to a Coinbase-linked address on HyperEVM (Hyperliquid's smart contract environment) on June 13, bringing total USDC supply on the chain to over $6 billion. Over 95% of Hyperliquid's stablecoin supply is USDC. The transfer coincided with Hyperliquid's stablecoin supply reaching $7.04 billion in early June, up 20% this month, alongside perpetual futures open interest climbing above $8 billion, suggesting fresh capital is flowing into the ecosystem.
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