Jun 7, 2026
Coinbase Becomes USDC Treasury Deployer for Hyperliquid Amid Warnings of Competitive Pressure
Coinbase has taken over as the official USDC treasury deployer on Hyperliquid using the AQAv2 framework, potentially adding $200 million in annual revenue, while BitMEX co-founder Arthur Hayes warns the protocol's token burn model could lead to market share losses.
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