Coinbase completes 4.397 billion USDC transfer in HyperEVM

On June 14th, Aakash Gupta announced that Coinbase has completed approximately 4.397 billion USDC transfers on HyperEVM, with funds settled through a single block and confirmation time in seconds, with zero on chain transaction fees. The funds consist of USDC issued by Circle and deployed to the Hyperliquid ecosystem to support its margin and settlement system in the derivatives market.