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USDC/T are likely the dominant stablecoins for transferring value between protocols and entities. That will not change.
But Hyperliquid is paying Circle 9-figures annually to have USDC-denominated markets.
This is why everyone will have their own stablecoin.

21.7. klo 06.26
There's $5B USDC in Hyperliquid
When anyone withdraws anything from Hyperliquid, it goes onto @arbitrum
Arbitrum tokens
6,46K
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