Odaily Planet Daily reported that community member Omar posted on the X social platform that Hyperliquid currently holds $5.5 billion in USDC deposits as it prepares to launch its native stablecoin, USDH. Omar estimates that if all of these deposits were converted to USDH, Hyperliquid token holders would receive $220 million in incremental revenue. Based on a 4% annualized interest rate, this revenue would increase Hyperliquid's total revenue by approximately 17% (compared to current levels). For Circle shareholders, a full conversion would reduce the circulating supply of USDC by 7%, potentially resulting in a reduction of approximately $220 million in annualized revenue for Circle (based on USDC transaction fees or other revenue sources).