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Circle is potentially launching its USD Coin (USDC) on Hyperliquid’s Layer 1 chain, HyperEVM. Test transactions have been flagged, and Circle recently purchased $5 million worth of Hyperliquid’s HYPE token. This move comes as Hyperliquid prepares to introduce its own stablecoin, USDH, posing a challenge to Circle’s dominance in the ecosystem.
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