In today's crypto news, Paxos has introduced a compliant USDH stablecoin for the Hyperliquid ecosystem, while Michael Saylor's net worth has surged by $1 billion this year. Paxos aims to launch USDH, a stablecoin adhering to the GENIUS Act and MiCA standards, with 95% of the interest from USDH reserves allocated to repurchasing Hyperliquid's HYPE token for redistribution among users and partners. Paxos Labs, a new division within Paxos, will spearhead this initiative after acquiring Molecular Labs, enhancing its expertise in Hyperliquid's financial architecture. Meanwhile, Saylor's wealth has risen to $7.37 billion, placing him 491st on the Bloomberg Billionaire Index, with a significant portion in cash and the rest in Strategy equity. Additionally, Bitcoin's mining difficulty has reached a record high of 134.7 trillion, despite a decrease in hashrate to 967 billion hashes per second, indicating increased competition in securing the network. This reflects the ongoing evolution in the cryptocurrency landscape.
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