Hyperliquid Secures Lucrative Deal with Coinbase and Circle

Hyperliquid, a decentralized crypto exchange, has made significant strides in its partnership with Coinbase and Circle. Under the deal, Hyperliquid will capture up to 90% of the yield from USDC deposits on its platform, effectively creating a new stream of demand for Hype coins.

The agreement is expected to generate an estimated $135 million to $500 million in interest income annually, depending on the expansion of USDC balances. This development provides Hyperliquid holders with a tangible benefit and supports the investment thesis for buying the coin.