Coinbase Takes Over Hyperliquid’s USDC Treasury, And $6 Billion in Yield Comes With It

Coinbase Takes Over Hyperliquid’s USDC Treasury, And $6 Billion in Yield Comes With It


Bitcoin on a laptop keyboard for a Coinbase and Hyperliquid USDC treasury wallet story. image By Isaac • June 9, 2026 8:16 am •

Coinbase posted on June 8, 2026 that it is now the official deployer of Hyperliquid’s USDC treasury wallet.

The company said it would activate AQAv2 from two addresses: 0x4E5319dEb1072B01439EE674db5C321d11fd96F8 and 0xc20699185c15D0a2fD65779BB5d69f5b0B113c00.

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That moves a stablecoin agreement signed in May from a planned role into live deployer-address status.

USDC ranked fifth and Hyperliquid ranked tenth by market capitalization during the June 9 Central-time selection check on CoinGecko. A top-five stablecoin and a top-ten trading network are now wired together through one treasury wallet.

Coinbase is now the official deployer of @HyperliquidX‘s USDC treasury wallet.

We will be activating AQAv2 from the two addresses below:

0x4E5319dEb1072B01439EE674db5C321d11fd96F8

0xc20699185c15D0a2fD65779BB5d69f5b0B113c00 https://t.co/rXvkrtQ4ai

— Coinbase 🛡️ (@coinbase) June 8, 2026

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