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

Source: CoinDesk | Summary by ChikoCorp|
|1 min read
JPMorgan says Hyperliquid's rise threatens Circle's USDC economics
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AI-assisted summary based on the linked source. Verify market-moving details at the original publisher before acting.

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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