Coinbase Global Inc. (NASDAQ:COIN) said it is expanding support for USDC on Hyperliquid (CRYPTO: HYPE), becoming the official treasury deployer of USDC as an “Aligned Quote Asset,” or AQA, on the rapidly growing decentralized exchange.
The move strengthens USDC’s position as a core liquidity layer for decentralized trading and broader on chain capital markets.
Why It Matters
In a May 13 blog post, Coinbase said concentrating liquidity around USDC improves market efficiency by reducing the …