The circle is making a strategic bet that the arrival of the native USDC and CCTP V2 can intensify its dominance in the Stabeline market of Defi.
Summary
- Circle will deploy the native USDC and CCTP V2 on hyperlicid after $ 1.2B USDC inflow.
- The release of the native USDC eliminates the risk of the third party bridge and enables direct redemption.
- The native USDC eliminates the risk of the bridge and increases the disposal speed in the center of the hyperlicid’s growing DEFI ecosystem.
For a press release on 31 July, Circle, Circle, deployed the native USDC and its cross-chain transfer protocol V2 on Hyperlicid, which would mark a decisive expansion for the Stabiloin issue.
Integration would allow the director and ReddC through the circle mint on the hyperlicid’s hypervm layer and enabling the spontaneous capital movement between the blockchain supported with 1: 1 efficiency, the circle said in the statement.
The needs follow the growth of USDC flow on the culmination platform, which has added about $ 1.2 billion to Ali last month, pushing
It is hyperlicid. Circle became the next strategic game
The circle’s decision to bring the native USDC into hyperlicid reflects the migration of the actual trading volume. Hyperlicid has quietly bakeboned the backbone of on-chain derivatives, which processes a monthly $ 150 billion, which commands 83% shares decentralized always trading business.
For the circle, it re -presents the principle that follows the liquidity activity. By enabling direct mining and redemption through circle mint (for institutions) and deploy CCTP V2, the circle is in itself where traders are already busy in important volomes.
Mechanics are important. Unlike bridge or wrapped options, allowing native USDC traders and developers to interact with real assets on hyperlicid’s hyperlicid, the third party mentor and reduced redemption ends.
This is important for a platform whose USDC serves not only as collateral but also as primary disposal currency for billions in derivative trades. CCTP V2 increases