Paxos proposes the issuance of USDH on Hyperliquid

Paxos Labs, based on over 10 years of experience in the issuance of regulated stablecoins and the acquisition of Molecular Labs, has just launched an initiative to issue USDH directly on HyperEVM and HyperCore.

The proposal states clearly:

• USDH complies with multiple legal jurisdictions, including MiCA and GENIUS.
• Support for native payments, conversion from major stablecoins, and distribution through the existing Paxos system.
• 95% of the profits from the USDH reserves will be used for the acquisition of HYPE, allocated to the protocol, validators, and users.
• Focus on revenue sharing, scaling the business, and strengthening the connection between Hyperliquid and the traditional financial system.

This plan is currently awaiting community approval.