Global fintech Reap announced yesterday that it now supports USDC funding via Hyperliquid. The Reap Hyperliquid USDC move will enable clients to generate a Hyperliquid wallet address with Reap, and then send USDC on Hyperliquid’s network to fund their respective cards and payment balances.

Previously, moving USDC into a Reap balance involved routing it via an intermediary exchange or wallet.

This would also grow Reap’s network coverage for stablecoin funding, as Hyperliquid joins Ethereum, Tron and Polygon as supported networks for on-chain USDC deposits.

Harris Leow, Head of Product, Reap, commented:

Harris Leow
Harris Leow

“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.”

For businesses with existing working capital on Hyperliquid, the rail gives them a pathway to convert on-chain USDC into operating balances without requiring an intermediary exchange or wallet.

Doing so may improve liquidity management between trading and treasury activity as well as day-to-day spend.

Aside from this development, Reap is also exploring additional ways to use Hyperliquid across more products and solutions over time.

Featured image edited by Fintech News Hong Kong based on an image by NonSpace on Magnific