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Coinbase to manage USDC liquidity on Hyperliquid, boosting stablecoin use in DeFi trading.

Market News
14 May 2026
Coindesk
View Source
Bullish
pluang ai news

Coinbase has become the official treasury deployer of USDC on Hyperliquid, a rapidly growing decentralized trading platform. This partnership allows Coinbase to manage USDC liquidity directly within Hyperliquid's trading infrastructure, enhancing stablecoin integration in onchain trading. Coinbase also secured rights to purchase assets tied to Hyperliquid's native stablecoin USDH, which will be phased out after a migration period. This move strengthens Coinbase's strategy to expand USDC beyond Ethereum and centralized exchanges, supporting the growth of decentralized finance trading volumes and market infrastructure.

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