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

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USDC

Daily

$1.0012

▼ -0.01%

Volume (24h): -

Resistance Levels

Resistance 3$1.0193

Resistance 2$1.017

Resistance 1$1.0017

Price$1.0012

Support 1$1.0009

Support 2$1.0004

Support 3$0.9850

Pivot (PP):$1.0013

Trend:Uptrend

RSI (14):60.1

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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