FEUSD/USDC on Hyperliquid

Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).

Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.

Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.

FEUSD looks like it corresponds to feUSD, the stablecoin from f(x) Protocol — a DeFi system that splits ETH exposure into a stable share and a leveraged share — though this review couldn't fully pin down the exact backing or issuer link behind this particular Hyperliquid listing, so take the match as probable rather than confirmed. It trades here as its own spot base against USDC, a stablecoin-to-stablecoin pairing where peg stability is the thing to watch rather than price upside. Assuming the feUSD read is correct, its peg mechanism runs through the broader f(x) Protocol system rather than a simple cash reserve, carrying whatever DeFi-specific risks that system already has. Given the lower trading volume typical of a listing like this, checking liquidity before sizing any order is worth doing, since a large trade could still push the price off parity temporarily.