The update unifies USDC across HyperCore and HyperEVM, setting up a transition away from the Arbitrum-based bridge.
Hyperliquid has linked the USDC stablecoin across HyperCore, its trading engine, and HyperEVM, its smart contract layer, reducing reliance on the current Arbitrum-based bridge and paving the way for native minting.
In an X announcement on Monday, Hyperliquid reassured users that there’ll be no changes right away. Deposits and withdrawals can still run through the Arbitrum bridge or HyperEVM. But for HyperCore, users can now deposit USDC from any chain that supports Circle’s cross-chain protocol.
The developers noted that “there are many details still to build out,” and the team warns that some transfers from HyperCore to HyperEVM “may fail if there is insufficient balance on HyperEVM.” When that happens, the funds stay on HyperCore, and users can fall back to the Arbitrum route.
Circle co-founder Jeremy Allaire welcomed the update, calling the unified flow across Hyperliquid “great for users” and “great for builders” in an X post.
The latest update traces back to September, when Circle signaled native USDC on HyperEVM after a company-linked wallet accumulated millions of dollars’ worth of HYPE while testing the setup. That push came shortly after Hyperliquid’s community moved to cut back its dependence on USDC by auctioning off the USDH ticker, a vote ultimately won by the Native Markets team.