Coinbase to Deploy Treasury Wallets for USDC on HyperliquidX

Created at 8 Jun · 9:13 PM1 source↑ Market-relevant

IN SHORT

Coinbase has been appointed the official treasury wallet deployer for USDC on HyperliquidX following the activation of AQAv2. This initiative will distribute 90% of treasury yield across $6.06 billion in USDC holdings.

Key Numbers

$6.06Btotal USDC treasury holdings

$1.6BUSDC on Arbitrum

$4.46BUSDC on HyperEVM

90%treasury yield distribution

Who's Involved

Coinbase

Official treasury wallet deployer for USDC on HyperliquidX

HyperliquidX

Platform where Coinbase will deploy USDC treasury wallets

↳ Why This Matters

This partnership integrates Coinbase's established treasury services with the growing DeFi ecosystem on HyperliquidX, potentially increasing liquidity and yield opportunities for USDC holders across different blockchain networks.

Key facts

Coinbase is now the official treasury wallet deployer for USDC on HyperliquidX.
This appointment follows the activation of AQAv2.
90% of treasury yield will be distributed across $6.06 billion in USDC.
$1.6 billion in USDC will be held on Arbitrum.
$4.46 billion in USDC will be held on HyperEVM.

Coinbase has been designated as the official treasury wallet deployer for USD Coin (USDC) on the HyperliquidX platform. This development comes after the successful activation of AQAv2, a significant upgrade for the ecosystem.

Under this new arrangement, 90% of the treasury yield generated from USDC holdings will be distributed. The total amount of USDC involved is $6.06 billion, with a substantial portion, $1.6 billion, allocated to the Arbitrum network and the remaining $4.46 billion to the HyperEVM.

Coinbase to Deploy Treasury Wallets for USDC on HyperliquidX

PiQ Daily

Key facts

Coinbase to Deploy Treasury Wallets for USDC on HyperliquidX

PiQ Daily

Key facts

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