HYPE just smashed a new all-time high at $90.92 after Hyperliquid rolled out manual borrowing. The new feature lets users borrow stablecoins by putting up HYPE or Bitcoin as collateral.

Manual borrowing on Hyperliquid

The freshly launched option gives users a way to take out stablecoin loans backed by HYPE or BTC. This move opens up more ways to use both tokens as collateral within the Hyperliquid ecosystem.

HYPE price reaction

Right after manual borrowing went live, HYPE spiked past $90, setting a new record at $90.92.

What this means for users

Now, you can tap into stablecoin liquidity on Hyperliquid without having to sell your HYPE or BTC—just use them as collateral instead.