Hyperliquid's AQAv2 stablecoin live over a month, first distributions made to Assistance Fund

Hyperliquid's AQAv2 stablecoin has been live for over a month, with first distributions made to the Hyperliquid Assistance Fund. On October 3 it received its first AQAv2 payment of about $14.5M in USDC, and subsequently burnt about $10M worth of HYPE. Based on the chain rate and 7.3bn outstanding USDC supply, Hyperliquid expects to net an additional $200m a year in revenue.

Detected & updated continuously · Source: Nebula