Circle Transfers ~$4.4 Billion USDC to Coinbase via HyperEVM According to Arkham, Circle transferred 4.397 billion USDC to a Coinbase addre…
Circle Transfers ~$4.4 Billion USDC to Coinbase via HyperEVM
According to Arkham, Circle transferred 4.397 billion USDC to a Coinbase address via the HyperEVM network, marking the largest single on-chain USDC transfer in history. The transaction is likely a direct step by Coinbase in fulfilling its role as the official USDC treasury provider for Hyperliquid. Earlier, Coinbase announced a partnership with Hyperliquid, officially becoming the platform's treasury issuer for USDC, which serves as the ecosystem's primary quote and settlement asset.