The said intern will probably need to do a few more conversations like this in the next 12 months. For example, at @coinbase, @stablecoinjohn made a career-making deal with @circle that USDC would become the default stablecoin on their derivatives platform. (and now also on @DeribitOfficial)
Other exchanges took note and are looking to do their own version of this. Binance tried and failed so far, and now @HyperliquidX is trying this with USDH, and others will follow. Why pay Coinbase by supporting USDC on your exchange if you can keep it all for yourself?
Imagine being the intern at Circle who had to tell Jeremy Allaire "yeah 10% of our supply is on this thing called hyperliquid" this weekend.
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