Hyperliquid, a derivatives-focused Layer-1 blockchain, now holds $6.73 billion in circulating USDC, narrowly surpassing Solana's $6.72 billion. This shift marks Hyperliquid as the second-largest chain by USDC supply after Ethereum. Most of Hyperliquid's USDC comes from native issuance on its Ethereum-compatible layer, supported by partnerships with Circle and Coinbase. The platform uses USDC as collateral for its perpetual futures markets, creating a feedback loop that boosts its native HYPE token. This development diversifies stablecoin distribution across chains, reducing concentration risk for USDC.
Hyperliquid's circulating USDC has reached $6.73 billion, surpassing Solana's $6.72 billion. For readers following Hyperliquid's market context, here is Pluang's snapshot as of Sep 17, 2026 20:23 WIB: out of 50 major cryptocurrencies priced on Pluang, 46 rose and 3 fell today. Notable movers include Polkadot (DOT) at Rp18.374 with a 5.63% increase and a Pluang order activity of 38% Sell / 62% Buy, Avalanche (AVAX) at Rp134.956 up 5.39% with 44% Sell / 56% Buy, and Chainlink (LINK) at Rp200.037 rising 5.36% with 53% Sell / 47% Buy. Typical hold times on Pluang range from 63 to 120 days among these assets.
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