Hyperliquid Price Prediction: HYPE Climbs 24% As Ethena Enters Race For Hyperliquid’s USDH Stablecoin With BlackRock
The Hyperliquid price has climbed 24% in a week to trade at $55.27 as of 4:05 a.m. EST on a 7% decrease in trading volume in the last 24 hours to $392 million. That coincides with news that E thena Labs is joining the race to secure a major position in Hyperliquid’s $5 billion USDH stablecoin ecosystem with a bid that involves asset management giant BlackRock. 🚨 LATEST: Ethena becomes the 6th contender for Hyperliquid's USDH stablecoin bid, pledging to return 95% of reserve revenue to the community, cover migration costs from USDC to USDH and committed at least $75M in ecosystem incentives. pic.twitter.com/AwEL9l14hK — Cointelegraph (@Cointelegraph) September 10, 2025 Ethena Labs proposed a version of USDH to be backed by USDTb, the project’s stablecoin that has 100% backing by BlackRock’s BUIDL fund. 🌐Ethena Labs, the developers of the synthetic dollar protocol, have introduced a proposal for the Hyperliquid stablecoin. USDH will be indi...