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Coinbase has announced its plan to activate AQAv2 on USDC as the treasury deployer, with Circle serving as the technical deployer responsible for CCTP and native cross-chain infrastructure. Both Coinbase and Circle have committed to stake HYPE to activate AQAv2. As part of this transition, Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets. With Coinbase, in its role as treasury deployer, sharing the vast majority of reserve yield revenue with the protocol, USDC will become the most aligned stablecoin on Hyperliquid. As a result, canonical outcome (HIP-4) markets will use USDC as the quote asset in a future network upgrade. User and builder feedback has been consistent that fragmentation leads to degraded experience; now, the community no longer needs to choose between liquidity and protocol alignment. The pioneering work of Native Markets in launching USDH as the first production-scale stablecoin sharing yield directly with a protocol in a purely onchain implementation made AQAv2 possible. The learnings and mechanics pioneered by USDH will live on in AQAv2. The Hyper Foundation will give grants to eligible HIP-3 deployers, HIP-1 deployers, and builders who integrated USDH, supporting teams through migration over the next months. These grants reflect an ongoing commitment to teams who choose to build on Hyperliquid and align with the protocol. USDH markets are fully functional but will sunset over time. USDH remains fully backed, with feeless conversions to USDC and fiat available to users during this transition.

Today we’re expanding our support for @HyperliquidX by becoming the platform’s official treasury deployer of USDC. Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid - USDC delivers exactly that. Alongside this, we’ve also significantly increased our position of staked HYPE.





JUST IN: AI cow collar startup Halter raises at $2,000,000,000.00 valuation, uses proprietary “cowgorithm” to herd cattle.

🇨🇳🇮🇷 China's military exports just got the worst combat review in history Iran bought Chinese air defense technology expecting a shield. What it got was a screen door. The pattern is devastating. Pakistan's Chinese-made HQ-9B couldn't detect a single Indian strike during Operation Sindur. Venezuela's Chinese radar missed 150 American aircraft flying through its airspace. And now Iran's air defenses, built on the same Chinese foundations, collapsed in hours against the U.S.-Israeli assault. But the hardware is only half the problem. Over 20 senior PLA officers have been arrested for corruption in two years. China hasn't fought a real war since 1979. Their weapons have never been stress-tested because the military selling them has never been stress-tested either. Source: BusinessBasics YT







