According to Digital Asset, Hyperliquid announced that starting from August 26, the platform has officially launched the "AQAv2 (Aligned Quote Asset v2)" mechanism for USDC reserve yield accumulation. All proceeds will be fully used to buy back and burn the native token HYPE on the secondary market. Under the AQAv2 rules, USDC on the platform is issued by Circle as the technical issuer and managed by Coinbase as the treasury manager. After deducting operational costs, approximately 90% of the USDC reserve interest income will be shared with the protocol and automatically transferred to the protocol assistance fund (AF) after a 30-day settlement cycle to execute HYPE buybacks and permanent burns. Yield accumulation under this mechanism began on August 26, with the first batch of proceeds expected to be transferred and executed on October 3. https://www.(wublock123.com)/news/news-67227