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Circle transfers $4B USDC to Coinbase in largest stablecoin transaction on HyperEVM

Market News
12 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Circle moved $4 billion in USDC to Coinbase on the HyperEVM blockchain, marking the largest USDC transfer ever. This move supports Hyperliquid's AQAv2 system for stablecoin bridging and rebalancing, signaling a shift toward newer blockchain ecosystems beyond Ethereum. The transfer represents about 5.3% of USDC's total supply and deepens the partnership between Circle and Coinbase, who co-founded USDC and share revenue from its yield. Investors should watch how Hyperliquid's infrastructure handles this scale and the performance of AQAv2 mechanics in real conditions.

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