Paxos Backs USDH Stablecoin Proposal to Drive Hyperliquid Growth
Paxos, a dominant player in the stablecoin ecosystem, has formally proposed integrating the USDH stablecoin into Hyperliquid's infrastructure. The MOVE signals accelerating institutional interest in decentralized finance platforms.
Market observers view the proposal as a strategic effort to deepen liquidity pools and expand stablecoin utility beyond centralized exchanges. Hyperliquid's orderbook-based perpetual swaps could benefit from enhanced capital efficiency with USDH integration.