Circle Transfers Record $4.4B USDC to Coinbase on HyperEVM on June 12

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According to blockchain analytics platform Arkham, Circle transferred 4.397 billion USDC to a Coinbase-controlled wallet on HyperEVM on June 12, marking the largest single on-chain USDC transfer in history. Coinbase was recently designated as the official USDC treasury deployer for the Hyperliquid ecosystem, with the transfer tied to treasury and liquidity management operations.
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