Collateralized loans using HYPE and BTC became available on the HyperCore platform on Sept. 18, with interest rates for USDC and USDT determined by pool utilization. The system recorded $269 million in total assets borrowed within the first 24 hours of the launch. The HYPE token rose 14% to $90 following the update, reaching a new all-time high.

The native borrowing and lending tool is integrated with perpetual futures and spot trading through a portfolio margin system, co-founder Jeff Yan said. This modular architecture is intended to isolate lending risks and allow idle stablecoin collateral to earn interest. HyperCore also supports decentralized finance primitives including vaults, prediction markets, and real-world asset perps.