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Crypto briefing · Saturday, October 31, 2026 · Morning edition · Story 4 of 5
Hyperliquid earns money from USDC interest without trading, Grayscale reports
Grayscale reveals that Coinbase provides Hyperliquid with 90% of the interest from $6B in USDC. This arrangement allows Hyperliquid to generate revenue even when no trading occurs.
Why it matters: This shows how financial platforms can profit from stablecoin interest in a bear market.
Sources: BeInCrypto
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