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Lili.hl ✰ ツ @lililashka on x 6004 followers
Created: 2025-07-23 17:28:12 UTC
The Real Stablecoin Capital Engine of Hyperliquid Isn’t USDC
Most people see $USDC as king. But on @HyperliquidX, things work bit differently.
Stablecoins play a huge role in the Hyperliquid ecosystem. With over $5B, that’s nearly one-third of the total $14.4B $HYPE mcap.
This quadrant maps out the which assets backing these players (fiat vs synthetic/crypto) and how deeply integrated and capital-active they are across Hyperliquid’s DeFi stack.
@HyperliquidX is rewriting #Stablecoin dynamics.
Let’s break it down 👇
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Related Topics fiat $144b $5b stablecoins hyperliquidx $usdc hyperliquid coins stablecoin