Jun 8, 2026 · 7:41 PM
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Coinbase turns Hyperliquid’s USDC deal into a live HYPE catalyst
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Coinbase turns Hyperliquid’s USDC deal into a live HYPE catalyst
Coinbase has activated its role as Hyperliquid’s USDC treasury deployer, turning the AQAv2 stablecoin framework into a live revenue catalyst. The deal could push significant reserve income toward Hyperliquid and strengthen HYPE buybacks, but the model still depends on USDC balances, rates and trading demand.
Julian Lim
5 min read
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