COINBASE BECOMES OFFICIAL USDC TREASURY DEPLOYER FOR HYPERLIQUID
@Coinbase officially partners with
@HyperliquidX to act as the protocol’s primary treasury deployer for $USDC.
Under the newly activated AQAv2 framework, both Coinbase and
@Circle are staking $HYPE to unify liquidity and designate $USDC as the canonical quote asset for all HIP-4 markets.
This strategic transition includes Coinbase acquiring the $USDH brand assets from
@NativeMarkets while sharing the vast majority of reserve yield revenue directly with the protocol.