The post Stablecoin issuer Paxos releases new USDH proposal appeared on BitcoinEthereumNews.com.

Paxos released the USDH Proposal V2 on Wednesday with a framework it said will ensure the company only wins if Hyperliquid wins. The stablecoin issuer also included three major upgrades to the V2 proposal, which it said will unlock Hyperliquid at a global scale. The company’s V2 proposal will list HYPE on PayPal or Venmo and offer free USDH on/off-ramp products. PayPal will also commit to incentives worth $20M as the firm will allow global payment integration across Checkout, Braintree, Venmo, Hyperwallet, and Xoom. Paxos’ initiative also comes as PayPal recently launched its Pay With Crypto solution, which also includes support for USDH and HYPE. V2 comes with major upgrades The new proposal will also offer a clear AF-first incentive reward structure with Paxos only earning once TVL milestones are reached. The revamped rewards are capped at 5% past $5B TVL, and all fees will be held in HYPE tokens and reinvested in growth and to its AF. The firm’s new framework will begin with an AF pledge of 20%, which increases based on TVL milestones. As earlier reported by Cryptopolitan, the company’s previous proposal only showed the differentiated distribution that the Paxos network can deliver. The firm said that since then, it has focused on kickstarting its distribution efforts by partnering with PayPal to support the Hyperliquid ecosystem. Paxos believes the global payment platform will bring immense scale to the Hyperliquid ecosystem. The payment firm processes over $1 trillion in TPV annually, with over 400 million users and 35 million merchants. “We’re thrilled to have PayPal as a partner from day one of USDH issuance. Alongside our existing set of GENIUS-compliant reserve assets, we are adding PYUSD as an additional regulated, GENIUS-compliant reserve asset.” –Bhau Kotecha, Co-Founder and CEO of Paxos Labs. Kotecha said Paxos aims to drive differentiated…

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Filed under: News - @ September 10, 2025 11:29 am