Viewpoint: If USDH completely replaces USDC on the Hyperliquid platform, the circulating supply of USDC is expected to decrease by 7%.

GateNewsBot

2025-09-08 08:43:07

Odaily News Community member Omar posted on social platform X that as Hyperliquid is about to launch its native stablecoin USDH, Hyperliquid currently holds 5.5 billion USD in USDC deposits. Omar expects that if these deposits are fully converted to USDH, it will bring an incremental income of 220 million USD to Hyperliquid token holders. Based on a 4% annual interest rate, this income will increase Hyperliquid's total revenue by about 17% (compared to the current revenue level). For Circle's shareholders, if a full conversion occurs, the USDC circulating supply will decrease by 7%, potentially leading to a reduction of about 220 million USD in annual revenue for Circle (based on USDC transaction fees or other sources of income).

HYPE-3.45%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.