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Opinion: If Hyperliquid Platform Fully Replaces USDC with USDH, USDC Circulation Expected to Decrease by 7%
Summary: In a recent post on social media platform X, community member Omar revealed that Hyperliquid currently holds $5.5 billion in USDC deposits. Omar predicts that if these deposits are all converted to USDH, it could bring an incremental income of $220 million to Hyperliquid token holders. Based on a 4% annual interest rate, this income ...
In a recent post on social media platform X, community member Omar revealed that Hyperliquid currently holds $5.5 billion in USDC deposits. Omar predicts that if these deposits are all converted to USDH, it could bring an incremental income of $220 million to Hyperliquid token holders. Based on a 4% annual interest rate, this income could increase Hyperliquid's total revenue by approximately 17% compared to current levels. For Circle shareholders, a full conversion could lead to a 7% decrease in USDC circulation, potentially resulting in a reduction of around $220 million in annual revenue for Circle (based on USDC transaction fees or other revenue sources).
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Link: Opinion: If Hyperliquid Platform Fully Replaces USDC with USDH, USDC Circulation Expected to Decrease by 7% [Copy]
