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JPMorgan says Hyperliquid's rise threatens Circle's USDC economics
Exchange UpdatePublic

JPMorgan says Hyperliquid's rise threatens Circle's USDC economics

CoinDesk·July 14, 2026·1 min read
Hyperliquid's deal with Circle and Coinbase creates a "prisoner's dilemma" that puts pressure on earnings from the dollar-pegged stablecoin.
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