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Remember when Hyperliquid made their own stablecoin? People thought that the @arbitrum bridge would go to zero...
They couldn't have been more wrong:
▸ Over $4 Billion of hyperliquid USDC is secured by Arbitrum
▸ That's ~90% of hyperliquids stablecoins
Also worth noting that Arbitrum has a larger stablecoin supply outside (compared to inside) the Hyperliquid bridge.

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