Paxos Unveils USDH Stablecoin Proposal with 95% Revenue Allocation to HYPE Token Buybacks on Hyperliquid

Paxos has proposed the issuance of USDH, Hyperliquid's first native stablecoin, featuring a unique revenue-sharing model that directs 95% of reserve interest earnings to buybacks of the HYPE token. Leveraging its acquisition of Molecular Labs and a decade of stablecoin expertise, Paxos aims to strengthen Hyperliquid's ecosystem by providing regulatory-compliant, globally issued stablecoin infrastructure. This development comes as Hyperliquid reduces trading fees by 80% and prepares for a validator vote to determine deployment. With ambitious plans supporting payment rails, fiat conversions, and institutional partnerships, USDH is positioned to drive growth and liquidity while aligning incentives across validators, users, and protocols within the platform. Continue to read Paxos Unveils USDH Stablecoin Proposal with 95% Revenue Allocation to HYPE Token Buybacks on Hyperliquid