Hyperdrive launches first product in stablecoin currency market, supporting Hyperliquid users to borrow stablecoins

According to Foresight News, Hyperdrive, a stablecoin currency market built on Hyperliquid, announced the launch of its first phase product, which supports users to borrow stablecoins such as USDe or USDT0 with their own assets on Hyperliquid. According to its roadmap, Hyperdrive will also launch HYPE liquidity pledge LP、 One click revenue strategy and other products. Foresight News previously reported that Hyperdrive, a decentralized stablecoin market, announced in May this year that it had completed a $6 million Series A funding round, led by Hack VC and Arrington Capital.