Circle Sets Record with $4 Billion USDC Transfer on HyperEVM

Circle set a record for the largest USDC transaction to date by moving $4 billion in seconds on HyperEVM, a smart contract environment built on top of Hyperliquid's Layer-1 blockchain.

This transfer represented about 5.3% of USDC's circulating supply and was made possible by Circle's designation as the official USDC deployer on Hyperliquid, confirmed just a week earlier.

The transaction was tied to Hyperliquid's AQAv2 system, which manages USDC bridging and rebalancing across the protocol at a 9:1 ratio. This setup allowed for large-scale USDC operations on HyperEVM and demonstrated confidence in both the network and the relationship behind it.