Paxos Labs has announced its proposal for USDH, a Hyperliquid native stablecoin, set to align with global regulations, including the US GENIUS Act and Europeโs MiCA.
This proposal signifies Paxosโ commitment to regulatory compliance and ecosystem expansion, impacting governance token HYPE and potentially affecting Hyperliquidโs DeFi infrastructure.
Paxos has proposed the launch of USDH stablecoin as part of the Hyperliquid ecosystem. The initiative follows Paxosโ acquisition of Molecular Labs, which is renowned for its work in building Hyperliquid primitives.
The proposal aims for compliance under the GENIUS Act and MiCA regulations, ensuring a legally transparent operation. Paxos sees this as a pivotal move to expand its influence within the Hyperliquid ecosystem.
USDH Deployment on HyperEVM and HyperCore Announced
The USDH will be deployed on HyperEVM and HyperCore, ensuring a flexible and scalable solution for users. These actions are expected to bolster participation and engagement within the ecosystem.
Potential outcomes include improved regulatory compliance and increased DeFi activity. Historical trends indicate that revenue-sharing models like these typically raise demand for governance tokens such as HYPE.
USDH to Follow Paxosโ Successful Stablecoin Models
Previous stablecoins from Paxos, like USDP and USDG, have proven scalable and legally compliant. USDH is anticipated to follow these successful precedents, further cementing Paxosโ role in the DeFi space.
Experts indicate that the USDH launch could emulate the revenue and engagement patterns seen in models similar to USDTโs yield-sharing initiatives. This could enhance overall market adoption within the Hyperliquid ecosystem.
Official Statement on USDH Launch
Paxos highlighted the significance of USDH in a tweet, stating:
โProposal submitted: USDH powered by Paxos. USDH issued by Paxos would mean: Global issuance that is GENIUS compliant, Revenue sharing that fuels HYPE, protocols and validators, Regulatory clarity + global scale to match @HyperliquidXโs explosive growthโ โ Paxos (@Paxos)
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