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

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


CoinDesk
2026-05-18 20:18:37

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


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