Circle is about to lose 10% of its yearly revenue

Hey, it’s Marc.

We're witnessing one of the biggest showdowns in crypto right now.

Hyperliquid’s move to launch its own stablecoin isn’t just about cutting Circle out of $200M in annual yield is the opening salvo in a much bigger war: keeping crypto out of the hands of corporate chains and their profit machines.

Step 1: The setup

Hyperliquid, a DEX with $…