Wu Blockchain (@WuBlockchain): Stablecoin company Paxos announced it has submitted a proposal to support Hyperliquid's launch of the USDH stablecoin. USDH issued by Paxos represents…
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Stablecoin company Paxos announced it has submitted a proposal to support Hyperliquid's launch of the USDH stablecoin. USDH issued by Paxos represents global distribution compliant with the GENIUS regulatory framework, with a revenue-sharing mechanism supporting HYPE, the protocol, and validators, ensuring compliance and scale to match Hyperliquid's rapid growth. Paxos stated it will use 95% of the interest generated by its reserves supporting USDH to repurchase HYPE. https://t.co/dLOABitQcR