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

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…