USDC on Hyperliquid weakens Circle and Coinbase revenues

JPMorgan reveals that USDC growth on Hyperliquid is reducing Circle and Coinbase revenues.

Published 7sem1 sourceNotableupdated 9h

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The fact

The sharing of stablecoin reserve yields is at stake on this decentralized platform.

Both companies may need to revise their business models in response to this competition.

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Auto-synthesis from 1 media source · identified on July 17, 2026