Circle Gateway Launches on HyperEVM to Spur Cross-Chain USDC Utility Across High-Demand EVM-Compatible Chains

Sponsored
Sponsored
The Circle Gateway is now available on the HyperEVM, an EVM-compatible execution layer integrated into the Hyperliquid Layer-1 blockchain. HyperEVM is a component of the Hyperliquid chain, specifically created to connect the EVM (Ethereum Virtual Machine) to its Layer-1 network.

Circle Internet Financial (CRCL), the provider of the USDC stable asset, made the announcement today via its X social media account. The Circle Gateway is a cross-chain USDC platform that enables people to instantly move funds between supported networks, enabling them to create a unified USDC balance. By infusing into HyperEVM, Circle seeks to advance the adoption of its USDC and broaden its presence across on-chain using its new cross-chain platform, the Circle Gateway.

https://twitter.com/circle/status/1975909052417753582?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener nofollow

Circle Advancing USDC Usage Through HyperEVM Network

The integration of the Circle Getaway on the HyperEVM is crucial as it now allows USDC users to utilize the same asset deployed across other blockchains instantly and rebalance them rapidly through CCPT V2. The incorporation not only eradicates the old rebalance delay but also improves capital efficiency for USDC customers.  

On July 2, 2025, Circle launched the cross-chain system – the Circle Gateway – to streamline the movement of USDC tokens across various chains. The new cross-chain layer helps solve the problem of fragmented liquidity across different blockchain networks, caused by disconnectedness among chains.  

In the past, USDC customers on one blockchain had to bridge their USDC tokens to be accessible to another intended chain. This approach caused friction for users who had to pre-fund and maintain balances across diverse protocol networks.

The Circle Gateway addresses these challenges. It allows customers to deposit USDC into a non-custodial smart contract that creates a unified, single balance for all of their holdings, which are accessible in real-time across all blockchains that the Gateway supports. This advanced approach removes time-consuming and expensive network bridging and manual token transfers.

The integration of the Circle Getaway on HyperEVM highlights Circle’s response to growing market preferences for high-performing, EVM-interoperable network solutions. Market analytics show rising developer and customer adoption of HyperEVM because of its higher performing capability, advanced speed, and low transaction costs compared to traditional Ethereum infrastructure. This strategic integration positions Circle as an innovative stablecoin network on EVM-compatible ecosystems while distinguishing itself from rivals operating on traditional network infrastructures.  

The GENIUS Act and What It Means for Stablecoins

The development highlights Circle’s commitment to advancing USDC’s accessibility and incorporating it into high-demand chains. This early week, Circle partnered with the Deutsche Börse Group to spur adoption of USDC in Europe through trading entities owned by the stock exchange group by providing solutions to equities market users.

Following the enactment of the GENIUS ACT by US President Trump on July 18, 2025, the law regulates stablecoins as a type of digital money, which have experienced a 20% surge in utility since last year. As a result, the transaction volume of stablecoins has overtaken transactions of both Mastercard and Visa, an indicator that regulatory clarity ignited user confidence and decreased risks, hence heightening adoption.

Go to Source
Author: NixCoin

kryptonew

Recent Posts

Google MPC Could Reshape Crypto Custody: Fireblocks Security Flaw Draws Attention

Google is preparing to expand its crypto security operations with a new Multi-Party Computation (MPC)…

4 hours ago

Bitcoin Price Bounces as Nasdaq Soars, KOSPI Rebounds, and FOMC Hike Fears Persist

Bitcoin price is recovering toward $81,000, gaining nearly 2% as buyers return ahead of the…

6 hours ago

Ripple’s RLUSD Wins Moody’s Rating as XRP Faces a Bigger Question: Who Captures the Value?

Ripple’s RLUSD just secured a major institutional credibility boost, earning Moody’s A2 long-term deposit rating…

7 hours ago

DOJ Charges Six in Alleged NFT Fraud as Crypto Scam Crackdown Widens

Key Highlights The US Department of Justice charged six individuals accused of running an NFT…

13 hours ago

Crypto.com Launches Regulated Crypto Perpetuals for US Traders

Key Highlights Crypto.com and OG.com launched continuous, non-expiring crypto perpetual contracts for eligible U.S. traders…

13 hours ago

Circle, ACI Explore USDC Settlement in Colombia’s Payment Network

AI SummaryShowCircle and ACI pilot USDC settlement in Colombia, signalling stablecoins’ entry into traditional real‑time…

13 hours ago

This website uses cookies.

Read More