Stablecoin issuer Paxos has rolled out its updated USDH Proposal V2, outlining a bold plan to scale Hyperliquid globally. The proposal introduces three major upgrades, a PayPal partnership, a new rewards model, and global expansion initiatives, all designed to make USDH a leading stablecoin in decentralized finance.
Paxos makes it clear: its success depends fully on Hyperliquid’s success.
In a recent blog post, Paxos Labs announced USDH Proposal V2, highlighting its role in expanding Hyperliquid’s reach worldwide. On top of it, Paxos’ new partnership with PayPal will allow Hyperliquid assets to reach millions of everyday users.
Beyond that, PayPal’s products like Checkout, Braintree, Hyperwallet, Venmo, and Xoom will also support USDH, adding reach across over 400 million users and 35 million merchants.
Unlike other players, Paxos is already authorized to issue stablecoins in regulated markets like Europe. This gives USDH a unique edge to scale globally without running into compliance barriers.
By combining its regulatory approval with strong distribution partners, Paxos wants USDH to become the gateway stablecoin for DeFi worldwide.
The proposal goes beyond payments and compliance. Paxos outlined plans to:
These moves could turn Hyperliquid into more than a trading platform — making it the backbone of global decentralized finance.
Paxos also redesigned how rewards will work. The company will only earn revenue after USDH hits major growth milestones. Even then, its earnings are capped at 5%.
All fees will be paid in HYPE tokens, meaning Paxos and the community are aligned. The more Hyperliquid grows, the more everyone benefits together.
Follwoing the news Hyperliquid’s HYPE token price has jump by nealry 1.5% in the last 24 hours trading around $55.18
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Stifel Financial Corp. (NYSE: SF) has issued a bold midterm prediction for Bitcoin (BTC) price.…
The crypto market extended its selloff on Tuesday, with Bitcoin falling below $73,000 for the…
Ripple is taking another step into decentralized finance, backing onchain derivatives at a moment when…
Bitcoin has lost more than $53,000 in value over the past four months, extending a…
While XRP prices have struggled in recent weeks, flows into XRP-linked exchange-traded products tell a…
Major cryptocurrencies remained under pressure on Tuesday, as a Bitcoin-led selloff dragged the broader digital…
