News

According to ChainCatcher, citing The Block, the supply of USDC on Hyperliquid has grown significantly since the beginning of the year, doubling to 4.9 billion tokens. This expansion reflects the rising importance of decentralized perpetual contract trading platforms, with USDC serving as the primary settlement currency for derivatives trading on the platform. Hyperliquid has demonstrated strong trading momentum, processing over $150 billion in trading volume in July alone. The platform’s trading volume has reached 11.5% of a certain exchange, indicating its rapid emergence as a leading on-chain perpetual contract platform.

Foresight News reports that Web3 security firm CertiK has released the "Skynet 2025 H1 Stablecoin Panorama Report." According to the report, stablecoins are rapidly integrating into the mainstream financial system, with total supply surpassing $250 billion in the first half of the year and monthly settlement volume increasing by 43% to reach $1.4 trillion. USDT, USDC, PYUSD, and RLUSD have excelled in security, market dynamics, and regulatory compliance, ranking at the top of the scoreboards. The report notes that the primary risks in the stablecoin industry are shifting from smart contracts to the operational management of centralized platforms, with key leaks and operational errors becoming the main sources of risk. Meanwhile, RWA-backed and yield-bearing stablecoins are developing rapidly and are expected to capture 8%-10% of the market share within the year. Due to their complex custody mechanisms and yield structures, these stablecoins demand higher levels of operational transparency and compliance capabilities.