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Paxos Unveils USDH Proposal V2 with PayPal/Venmo Access

Published by
Qadir AK

Paxos released USDH Proposal V2 on September 10, outlining three upgrades: HYPE availability on PayPal and Venmo, free USDH on/off-ramps, and $20 million in ecosystem incentives. Paxos will only earn revenue after USDH hits its TVL target, with fees capped at 5% and paid in HYPE. As a regulated stablecoin issuer, Paxos plans compliant global issuance, starting with markets like Europe. The update aims to scale USDH distribution while aligning incentives across users, partners, and builders.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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