HYPE Jumps 17% After Hyperliquid Grants Coinbase Rights to USDH Assets
HYPE rose 17% after Coinbase agreed to stake HYPE to activate AQAv2, while Hyperliquid plans to replace USDH with USDC and share reserve yield with the L1 network.
Coinbase Wins USDC Treasury Deployer Seat on Hyperliquid, Circle Handles Cross-Chain Infrastructure
Coinbase becomes USDC treasury deployer on Hyperliquid, routing most reserve yield to HYPE holders while USDH sunsets and USDC becomes the canonical quote asset.