Hong Kong-based fintech Reap, which maintains Singapore as its Southeast Asia hub, has gone live with USDC funding support via Hyperliquid, letting business clients generate a Hyperliquid wallet address within Reap and fund their card and payment balances directly from the network without routing through an intermediary exchange or wallet.

Hyperliquid becomes the fourth network Reap supports for on-chain USDC deposits, joining Ethereum, Tron and Polygon, as the fintech continues to build out stablecoin-enabled infrastructure for cross-border business payments and treasury management.

USDC becomes Hyperliquid’s dominant collateral asset

The move comes after Hyperliquid phased out its native stablecoin in May 2026, a shift that has cemented USDC as the network’s primary collateral asset. Stablecoin supply on Hyperliquid reached a record US$7.04 billion in early June 2026, up almost 20 per cent in a single month, according to Reap.

• Hyperliquid becomes Reap’s fourth supported network for on-chain USDC deposits
• Stablecoin supply on Hyperliquid hit a record US$7.04 billion in early June 2026
• Supply rose nearly 20 per cent in a single month as USDC displaced Hyperliquid’s native stablecoin
• Clients can now fund card and payment balances directly, without an intermediary exchange or wallet

“A growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury activity. Until now, moving that USDC into a Reap balance meant routing it through an intermediary exchange or wallet,” the company said in its announcement.

Closing the gap between on-chain liquidity and everyday spend

Reap said the new funding rail is designed to reduce settlement time and operational overhead for businesses that already hold working capital on Hyperliquid, while improving liquidity management between trading activity and day-to-day operating spend.

“That can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spend, and support smoother reconciliation by keeping funding flows on a single, supported rail,” the company said.

The company said it is exploring further ways to expand Hyperliquid’s utility across its product suite, including making it easier for clients to fund and deploy USDC held on the network and creating more seamless paths between on-chain liquidity and real-world spend.