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JPMorgan says Hyperliquid's rise threatens Circle's USDC economics https://www.coindesk.com/busin....ess/2026/07/14/jpmor #kripto #crypto #coindesk

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

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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