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Techub News reports that, according to CoinDesk, Coinbase announced it has become the official USDC treasury deployer for Hyperliquid, managing on-chain liquidity through the AQA framework. Coinbase also gained the right to purchase USDH assets, which will be phased out gradually after the migration period. Currently, the USDC supply on Hyperliquid is approximately $5 billion. Hyperliquid is one of the fastest-growing decentralized trading platforms, with recent trading volume increasing alongside DeFi activity. Through this partnership, USDC will be further integrated into on-chain trading infrastructure, helping the stablecoin expand adoption in a increasingly competitive market.