HYPE Soars to New All-Time High of $55.52 as USDH Stablecoin Competition Intensifies

Hyperliquid’s native token, HYPE, reached a new all-time high of $55.52 on September 9th, fueled by a surge of 18% from its previous day’s opening price. This rally coincides with heightened competition within Hyperliquid’s development teams vying to deploy the protocol’s upcoming USDH stablecoin. Five teams submitted proposals for the USDH ticker: Native Markets, Paxos, Frax Finance, Agora, and Sky.