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Paxos competes to become the issuer of HyperLiquid's stablecoin USDH, promising to buy back HYPE with part of the proceeds.
On September 7th, stablecoin issuer Paxos released a proposal titled "USDH Issuance Supported by Paxos", competing to become an issuer of stablecoin USDH under HyperLiquid. Paxos said that if selected as a USDH issuer, it will implement a revenue-sharing plan. Paxos will allocate 95% of the interest from the reserves supporting USDH to repurchase HYPE and redistribute it to ecosystem programs, partners and users....
2025-09-07 07:53:19
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