Paxos Proposes USDH Stablecoin to Anchor Hyperliquid Ecosystem and Fund Buybacks

Paxos proposed issuing USDH, a Hyperliquidfirst regulated stablecoin, aimed at accelerating adoption and enterprise integration across the Hyperliquid ecosystem. The Paxos Labs initiative, backed by Paxoss decade of regulated stablecoin issuance and recent acquisition of Molecular Labs, would mint USDH natively on HyperEVM and HyperCore, offer multijurisdictional compliance (including MiCA/GENIUS claims), and route onchain and []