Paxos Unveils USDH Proposal V2 with PayPal/Venmo Access

Paxos has introduced USDH Proposal V2, marking a significant step in stablecoin innovation. The September 10 release outlines three key upgrades: integration with PayPal and Venmo, free USDH on/off-ramps, and a $20 million ecosystem incentive program. Revenue generation will commence only after USDH reaches its total value locked (TVL) target, with fees strictly capped at 5% and payable in HYPE tokens.

As a regulated stablecoin issuer, Paxos emphasizes compliance in its global expansion strategy, targeting European markets first. This update strategically aligns incentives across users, partners, and developers while scaling USDH distribution channels. The PayPal/Venmo integration particularly signals mainstream payment platform adoption for stablecoin technology.