On June 14, Aakash Gupta posted that Coinbase executed approximately $43.97 billion in USDC transfers on HyperEVM, with all funds settled in a single block, confirmed in seconds and with zero on-chain fees. The funds, consisting of USDC issued by Circle, were deployed into the Hyperliquid ecosystem to support its derivatives market’s margin and settlement system.
Coinbase completes a 4.397 billion USDC transfer on HyperEVM
AiCoinShare
Summary
On June 14, 2026, Coinbase executed a 4.397 billion USDC transfer on HyperEVM, marking a major on-chain event. The Circle-issued stablecoin was settled in a single block with second-level confirmation and zero fees. This move supports ecosystem growth by directing funds into Hyperliquid’s derivatives market for margin and settlement.
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