USDC will become an aligned stable, meaning 90% of cost-adjusted reserve yield on USDC supply accrues to Hyperliquid.
At the current $5B USDC base, that could imply $137M–$160M in annualized rev at a 3%–3.5% yield, or a 22%–26% step-up vs current annualized revenue.
Hyperliquid
@RunnerXBT@CoinMarketMan Thank you and how do you manage to be so patient? And do you take very big positions when you have to be so sure of the setup?
Only about an hour into trading but $IBIT is ahead of $GBTC in volume so far. Today *could* be the first day where one of the newborn nine trades MORE than $GBTC. Currently $155 million to $113 million 👀