Reap, a global financial technology company providing stablecoin-enabled infrastructure for businesses, has announced support for USDC funding via the Hyperliquid network. Clients can now generate a Hyperliquid wallet address directly within Reap and send USDC on the Hyperliquid network to fund their cards and payments balances.

The development eliminates a key friction point: previously, transferring USDC from Hyperliquid into a Reap balance required routing through an intermediary exchange or wallet. With a direct funding rail now in place, businesses can move Hyperliquid-based USDC straight into their operational balances — reducing the number of intermediaries, settlement steps, and potential failure points in the funding process.

Hyperliquid is a Layer 1 blockchain optimized for high-speed on-chain derivatives and perpetuals trading, and it has grown into one of the most actively used decentralized trading venues by total value locked. The network now joins Ethereum, Tron, and Polygon as supported networks for on-chain USDC deposits within Reap's platform — a list that collectively covers several of the highest-volume corridors for stablecoin movement.

In May 2026, Hyperliquid phased out its native stablecoin, with Circle expanding its infrastructure role across the network. USDC has since become the dominant collateral asset on Hyperliquid, and stablecoin supply on the platform has nearly doubled year-over-year, reaching a record $7.04 billion in early June 2026 — an increase of nearly 20% in a single month. That growth reflects a broader industry pattern in which USDC, issued by Circle, has consolidated its position as a primary settlement and collateral asset across major on-chain venues.

As USDC solidifies its position as the anchor stablecoin on one of the largest on-chain trading venues, a growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury operations. For businesses that maintain working capital on the network, the direct funding path is expected to reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spending, and support smoother reconciliation by keeping funding flows on a single supported rail.

The integration also reflects a wider shift in the fintech landscape, where a growing number of payment and treasury platforms are building stablecoin-native rails to bridge the gap between on-chain liquidity and real-world business spending. Companies that earn, hold, or deploy capital on-chain increasingly need pathways to convert those balances into card payments, vendor disbursements, and other operational outflows without relying on off-ramps through traditional exchanges.

"With Hyperliquid now supported in Reap, clients now have a more direct bridge between where they already hold USDC on-chain and where they need to deploy it in day-to-day operations. We are excited to build a simpler, faster path for treasury teams to move value from on-chain liquidity into the balances they use to run their businesses," said Harris Leow, Head of Product, Reap.

Reap is also exploring additional ways to expand the utility of Hyperliquid across a broader suite of products and solutions over time, ranging from facilitating client funding and deployment of USDC held on Hyperliquid to enabling more seamless movement of value between on-chain liquidity and real-world spending.

About Reap

Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. The company merges traditional finance with digital assets to facilitate more efficient money movement, bridging disparate economies and connecting key financial markets.

Reap was an early leader in Asia to incorporate stablecoins into its solutions. In 2025, the company processed billions in stablecoin-funded transaction flows. Its product offerings include stablecoin-enabled corporate cards, cross-border payments, integrated business accounts, and embedded finance solutions.

Founded and headquartered in Hong Kong, Reap employs 300 people worldwide. More information is available at reap.global.