Viewpoint: If USDH completely replaces USDC in the Hyperliquid platform, USDC circulation is expected to decrease by 7%.
Source: Odaily
Time: 2025-09-08 16:41:07
Odaily Planet Daily News Community member Omar posted on X social platform that Hyperliquid is about to launch its native stablecoin USDH, and Hyperliquid currently holds $5.5 billion in USDC deposits. Omar expects that if all of these deposits are exchanged for USDH, it will generate $220 million in incremental revenue for Hyperliquid token holders. Based on an annualized interest rate of 4%, this income will increase Hyperliquid's total revenue by about 17% (compared to current income levels). For Circle shareholders, if full redemption occurs, USDC circulation will be reduced by 7%, which may result in Circle reducing annualized revenue by approximately US$220 million (USDC-based transaction fees or other revenue sources).