Hyperliquid launches manual borrowing for USDC and USDT, exceeding $265 million on day one

Decentralized exchange Hyperliquid has introduced a manual borrowing feature, allowing users to borrow USDC and USDT using HYPE and Bitcoin (BTC) as collateral. The feature operates on the Hypercore system, which also powers the platform's portfolio margin. On its first day, the total borrowing volume surpassed $269 million. Borrowed assets accrue interest, while collateralized assets also generate yield.