Stablecoin money market Hyperdrive launches first product, allowing Hyperliquid users to borrow stablecoins

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Foresight News reports that Hyperdrive, a stablecoin money market built on Hyperliquid, has announced the launch of its first-phase product, supporting users in borrowing stablecoins such as USDe or USDT0 with their assets on Hyperliquid. According to its roadmap, Hyperdrive will subsequently launch products such as HYPE liquidity staking, LP, and one-click yield strategies.

Foresight News previously reported that the decentralized stablecoin market Hyperdrive announced the completion of a $6 million Series A funding round in May this year, led by Hack VC and Arrington Capital.

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