Hyperliquid Manual Borrowing Lifts HYPE Past $90.92, $269 Million Borrowed

- Hyperliquid launches manual borrowing, with HYPE and Bitcoin as collateral for stablecoins - HYPE price hits all-time high as $269 million is borrowed on day one, signaling increased liquidity On September 18, 2026, CryptoSlate reported that Hyperliquid had introduced manual borrowing on its platform. This feature enables users to use HYPE and Bitcoin as collateral to borrow stablecoins like USDC and USDT directly on Hyperliquid, and the development sparked immediate market activity across the derivatives market. As a result, HYPE’s price surged to a record $90.92, while participants borrowed $269 million in assets within the first day. The feature therefore marks a significant shift in derivatives trading dynamics and unlocks deeper liquidity and engagement for traders seeking on-platform stablecoin access. The initiative has drawn heightened interest from both traders and investors, as Hyperliquid now offers expanded flexibility for accessing stablecoin liquidity. As of 16:09 UTC on the same day, HYPE trades at $91.747, with an 11.651% jump in 24-hour trading volume, and this performance underscores the growing momentum behind the asset. In addition, the launch has not only boosted HYPE’s valuation but also set a new standard for collateralized borrowing in the crypto derivatives market. It reflects broader shifts toward more active and innovative asset management, while positioning Hyperliquid as a key venue for leveraged stablecoin liquidity against major crypto collateral.