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![RumpelLabs Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1340530952863436800.png) Rumpel Labs [@RumpelLabs](/creator/twitter/RumpelLabs) on x 11.5K followers
Created: 2025-07-23 18:00:20 UTC

2/ @felixprotocol is Hyperliquid's primary Stablecoin issuer and lending platform, they also boast the highest TVL of any @HyperliquidX protocol (>$800m across CDP + Vanilla) 🏆

Felix offers two Stablecoin choices: feUSD and the newly launched USDhl.

FeUSD is an overcollateralized Stablecoin, whereas USDhl is
a yield-bearing stablecoin (fueled by treasury yields) that uses its yields to buy HYPE and distribute it to USDhl holders making it a strong contender to replace USDC and become "the native Stablecoin of Hyperliquid." 🧠

![](https://pbs.twimg.com/media/Gwj5H6mbAAAS8cm.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948080755655209366/c:line.svg)

**Related Topics**
[feusd](/topic/feusd)
[$800m](/topic/$800m)
[protocol](/topic/protocol)
[hyperliquidx](/topic/hyperliquidx)
[tvl](/topic/tvl)
[coins stablecoin](/topic/coins-stablecoin)
[felixprotocol](/topic/felixprotocol)

[Post Link](https://x.com/RumpelLabs/status/1948080755655209366)