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Paxos Revises USDH Stablecoin Bid with PayPal Partnership to Bolster Hyperliquid’s Growth
Paxos Revises USDH Stablecoin Bid with PayPal Partnership to Bolster Hyperliquid’s Growth
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BTCCSquare news:
Paxos has submitted an enhanced proposal to become the issuer of Hyperliquid's USDH stablecoin, leveraging a strategic partnership with PayPal to drive global adoption. The revised bid includes revenue-sharing terms favorable to Hyperliquid's ecosystem growth, with Paxos committing to reinvest proceeds until the platform reaches $1 billion in total value locked (TVL).
The stablecoin issuer plans to integrate USDH across major fintech platforms and brokerages, positioning Hyperliquid for enterprise-scale liquidity infrastructure. Competitors including Ethena, Sky, LayerZero, and Agora remain in contention as the September 14 voting deadline approaches.
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