Paxos applies to become the issuer of HyperLiquid's stablecoin USDH, promising to use the proceeds to repurchase HYPE.
TechFlowSep 7, 2025On September 7th, stablecoin issuer Paxos released a proposal to support HyperLiquid's stablecoin USDH. Paxos stated its commitment to making Hyperliquid a top priority and has established a new entity, Paxos Labs. Paxos Labs has acquired Molecular Labs, the infrastructure provider behind LHYPE and WHLP. These two infrastructures, LHYPE and WHLP, have been supporting the Hyperliquid ecosystem since the first day of HyperEVM's launch. Paxos stated that if selected as the USDH issuer, it will implement a revenue-sharing program where Paxos will allocate 95.00% of the interest from the reserves supporting USDH to repurchase $HYPE and redistribute it to ecosystem programs, partners, and users. [Techflow]
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Paxos applies to become the issuer of HyperLiquid's stablecoin USDH, promising to use the proceeds to repurchase HYPE.
TechFlowSep 7, 2025On September 7th, stablecoin issuer Paxos released a proposal to support HyperLiquid's stablecoin USDH. Paxos stated its commitment to making Hyperliquid a top priority and has established a new entity, Paxos Labs. Paxos Labs has acquired Molecular Labs, the infrastructure provider behind LHYPE and WHLP. These two infrastructures, LHYPE and WHLP, have been supporting the Hyperliquid ecosystem since the first day of HyperEVM's launch. Paxos stated that if selected as the USDH issuer, it will implement a revenue-sharing program where Paxos will allocate 95.00% of the interest from the reserves supporting USDH to repurchase HYPE and redistribute it to ecosystem programs, partners, and users. [Techflow]
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