TREE NEWS reports: Weekly stablecoin inflows topped $668 million, marking the third-highest week on record, with USDC on Ethereum accounting for 97.98% of the flow. AQAv2 will use 90% of the revenue generated by these USDC to buy back and burn Hyperliquid’s native token.
Weekly Stablecoin Inflows Exceed $668M, Third Highest Ever
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AI take
The striking detail is concentration: nearly all of this record-adjacent weekly inflow went to a single stablecoin on a single chain, rather than spreading across the sector. That matters because AQAv2 ties 90% of the revenue from those USDC flows to buying back and burning Hyperliquid's native token, making stablecoin demand a direct input into a token's supply mechanics. Whether this USDC dominance persists, and whether the buyback-and-burn channel keeps scaling with inflows, is the open question worth watching.
Generated by AI for reference only.
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