Paxos Proposes USDH Stablecoin to Anchor Hyperliquid Ecosystem
Paxos has unveiled plans to launch USDH, a Hyperliquid-first regulated stablecoin designed to accelerate adoption and enterprise integration within the Hyperliquid ecosystem. The initiative, spearheaded by Paxos Labs, leverages the firm's decade-long expertise in regulated stablecoin issuance and its recent acquisition of Molecular Labs.
USDH will be minted natively on HyperEVM and HyperCore, with multi-jurisdictional compliance features including MiCA/GENIUS claims. The stablecoin aims to enhance onchain liquidity and fund buyback mechanisms, positioning itself as a cornerstone asset for the Hyperliquid network.