Get Hype? 🤩

Hyperliquid's HYPE token shot to a new all-time high Tuesday morning, after the network opened proposals for teams to launch a stablecoin using the USDH ticker.

Author

Stephen Graves
September 09, 2025

📝 What you need to know

Hyperliquid’s HYPE token shot to a new all-time high above $55 Tuesday morning, pumping over 20% in the past week.

The news follows the network opening submissions for proposals to take over the USDH ticker in order to create a “Hyperliquid-aligned” stablecoin. Established stablecoin projects like Paxos, Frax Finance, and Agora have already chucked their hats in the ring.

HYPE’s move has seen it outperform the wider crypto market, with Bitcoin and Ethereum trading flat as traders brace for a coming round of temperature checks for the U.S. economy—including the Fed’s September 17 rate call.

Still, they seem pretty certain of the outcome. On prediction market Myriad (launched by Decrypt’s parent company DASTAN), users place a chance of over 77% on the Fed cutting interest rates by 25bps.

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📊 Myriad Market of the Day

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🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

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