Paxos has unleashed its USDH Proposal V2, a significant step forward in driving Hyperliquid’s adoption at a global scale. The platform brings strategic partnerships, revamped rewards, and fully compliant scaling initiatives.
By doing this, Paxos is set to redefine USDH as a strategic stablecoin for global decentralized finance (DeFi) adoption. This is the updated proposal of the initial draft, reflecting community feedback. So, the proposal perfectly aligns with the commitment to incentives for Hyperliquid’s long-term success.
Paxos Collaborates with PayPal, Transforming Ecosystem Incentives
Paxos’ partnership with PayPal is the central point of the proposal. This integration aims to enrich the global payment system with Hyperliquid’s HYPE token and USDH. HYPE is subject to regulatory approvals. Listing on PayPal and Venmo.
Across the infrastructure of PayPal, USDH will leverage free on/off ramps. The process covers global merchant payments, mass payouts, and international remittances, leveraging Braintree, Checkout, Hyperwallet, Venmo, and Xoom. PayPal is also active in fueling Hyperliquid’s ecosystem growth with $20 million pledged incentives.
Through this potential alliance, millions of users will onboard to Hyperliquid. They will all leverage the massive network of PayPal, that is, 400 million users and 35 million merchants around the globe. The proposal strives to infuse USDH and HYPE into daily payment flows, ensuring seamless and scalable worldwide adoption of stablecoin from day one.
Paxos Strives for Global DeFi Growth, Aligning with Hyperliquid Community
Along with payments, Paxos is set to revamp its reward model, enabling earning only after achieving the key TVL milestones of Hyperliquid. All fees will be collected in HYPE tokens with 5% capped revenue.
Through this approach, it is clear that Paxos’ success is directly linked with Hyperliquid’s performance, driving community trust. Simultaneously, the global regulatory position of Paxos allows it to launch a stablecoin across various jurisdictions. Europe is also included in this, only Paxos is allowed for clearance there.
Paxos expands USDH liquidity, utilizes HyperEVM for composable DeFi products, and attracts asset issuers. With this, the platform aims to pave the way for hyperliquid to become the leading force in global finance.
With the emphasis on proposal, Paxos, with PayPal onboarding, only wins if Hyperliquid wins. So, USDH possesses the ability to become the gateway stablecoin to drive revolution in decentralized finance.
