Coinbase becomes the official USDC vault deployment provider on Hyperliquid

Coinbase has announced its official deployment of USDC on Hyperliquid and is advancing the integration of USDC into the Aligned Quote Asset framework. Native Markets agrees to grant Coinbase the right to acquire USDH brand assets. In the coming months, users can exchange USDH for USDC or fiat currency with zero transaction fees through the USDH Dashboard. The announcement stated that USDC's scale on Hyperliquid is approximately $5 billion, a year-on-year increase of about 2 times.