Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say

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USDC

Daily

$1.001

▲ 0.00%

Volume (24h): -

Resistance Levels

Resistance 3$1.0219

Resistance 2$1.0172

Resistance 1$1.0016

Price$1.001

Support 1$1.0007

Support 2$0.9998

Support 3$0.9994

Pivot (PP):$1.0009

Trend:Uptrend

RSI (14):55.1

CoinDesk Staff

(08:18 PM UTC)

1 min read

The revenue share deal could shift an estimated $160 million in revenue from Coinbase and Circle into Hyperliquid's ecosystem, Compass Point analysts said.

Hyperliquid's new deal with Coinbase (COIN) and Circle (CRCL) is shifting stablecoin profits away from issuers and toward crypto trading platforms, a move analysts said could create sustained buying pressure for the HYPE token while squeezing…

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