According to @MilkRoadDaily, USDH is launching with Native Markets (source: @MilkRoadDaily, X post dated Sep 15, 2025). The post cites $6B in stablecoins on the platform and an estimated $240M per year in Treasury yield capture (source: @MilkRoadDaily, X post dated Sep 15, 2025). The post adds that this yield can be funneled into HYPE buybacks, validators, and growth, creating a defined use-of-proceeds path relevant to HYPE token flow if executed (source: @MilkRoadDaily, X post dated Sep 15, 2025). The $240M on $6B implies roughly a 4% annual yield based on the figures provided in the post (source: @MilkRoadDaily, X post dated Sep 15, 2025). The post does not disclose timing, allocation percentages, or buyback mechanics, so traders should watch for official execution details and on-chain activity related to HYPE (source: @MilkRoadDaily, X post dated Sep 15, 2025).

According to Adrian (@adriannewman21), the disappointing 20-year treasury bond auction results have triggered a significant selloff in the equity markets, highlighting the direct impact of rising treasury yields on broader risk assets. With Trump and Bessent both publicly stating their desire for lower yields, traders are left questioning actionable policy responses as hope alone appears insufficient (Source: Twitter - Adrian). For crypto market participants, rising treasury yields often signal a risk-off environment, potentially leading to increased volatility and outflows from digital assets as investors seek safer returns.

According to The Kobeissi Letter, the latest US 20-year bond auction resulted in a 1.2 basis point tail, the largest since December, as reported by ZeroHedge. The high yield reached 5.047%, making it only the second time in history that a 20-year Treasury auction has cleared above 5%. This sudden and significant tail highlights persistent demand concerns and signals heightened risk sentiment in the broader bond market. For cryptocurrency traders, such a sharp rise in Treasury yields typically pressures risk assets and increases volatility in digital asset markets as liquidity conditions tighten. Source: The Kobeissi Letter via Twitter.