Hyperliquid shifts stablecoin strategy to USDC! Hyperliquid announced that Coinbase will act as the treasury deployer to activate AQAv2, using USDC as the base stablecoin. Circle will handle the technical deployment of CCTP and cross-chain infrastructure. Both require staking HYPE for activation. According to the plan, the HIP-4 market will adopt USDC as the quote asset after the upcoming network upgrade. Coinbase will return the majority of reserve earnings to the protocol. Hyperliquid officially stated that USDC will become the 'most aligned' stablecoin. The existing USDH market is functioning normally but will be phased out. During the transition, fee-free conversions to USDC or fiat will be supported. hyperliquid:native