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THE STABLECOIN BIDDING WAR IS ON 🔥
Forget quiet development. The next stage of crypto is being fought in a high-stakes battle on Hyperliquid.
The prize?
The exclusive right to issue $USDH—its native, USD-pegged stablecoin.
The contenders?
Crypto's payment heavyweights:
✅Paxos
✅Agora (by Circle co-founder)
✅Ethena
✅Native Markets
But this is more than just prestige. This is a fight for economic survival 🏁
Stablecoin issuers don't just mint digital dollars—they earn yield on the backing assets. This revenue is a lifeline, especially with potential rate cuts looming.
The winner on Hyperliquid doesn't just get a trophy; they secure a vital revenue stream and a key position in DeFi's future.
This isn't just a competition. It's a microcosm of the entire industry's evolution.
Who do you think will win the bid? 👇
DYOR No Financial advice!
#Stablecoins #Crypto #Hyperliquid #USDH #Ethena
$HYPE
$ENA
$USDE
Forget quiet development. The next stage of crypto is being fought in a high-stakes battle on Hyperliquid.
The prize?
The exclusive right to issue $USDH—its native, USD-pegged stablecoin.
The contenders?
Crypto's payment heavyweights:
✅Paxos
✅Agora (by Circle co-founder)
✅Ethena
✅Native Markets
But this is more than just prestige. This is a fight for economic survival 🏁
Stablecoin issuers don't just mint digital dollars—they earn yield on the backing assets. This revenue is a lifeline, especially with potential rate cuts looming.
The winner on Hyperliquid doesn't just get a trophy; they secure a vital revenue stream and a key position in DeFi's future.
This isn't just a competition. It's a microcosm of the entire industry's evolution.
Who do you think will win the bid? 👇
DYOR No Financial advice!
#Stablecoins #Crypto #Hyperliquid #USDH #Ethena
$HYPE
$ENA
$USDE
🔒 Locked, Loaded, & Leading: Native Markets Bets BIG on USDH with 3-Year HYPE Commitment!
The race to define DeFi’s future just got a major power-up! ⚡
Native Markets, the victorious bidder in the Hyperliquid stablecoin saga, has just made a move that screams ultimate conviction. 🚀
🔥 The Headline: They have officially pledged and locked 200,000 $HYPE tokens for a staggering 3-year period.
This isn't just a pledge; it's a long-term strategic anchor. Why does this matter?
· 🚀 Rocket Fuel for USDH: This massive lockup provides immense stability and signals a deep, long-term commitment to making USDH a cornerstone of the Hyperliquid ecosystem.
· 🎯 A Historic Goal: The mission is clear and ambitious: to make USDH the first permissionless spot asset on Hyperliquid. This is a giant leap for DeFi accessibility!
· 🤝 Call for Allies: But they’re not going it alone! Native Markets is actively seeking partnerships to boost USDH minting, enhance exchange liquidity, and drive integrations across the board.
This is more than an announcement; it's a declaration. Native Markets isn't just participating in the future of decentralized finance—they're locking in to help build it.
💬 Let's discuss!
What does this level of commitment from a major player mean for the future of USDH and the Hyperliquid ecosystem?
DYOR No Financial advice!
#Hyperliquid #USDH #HYPE #DeFi #Stablecoin
$HYPE
The race to define DeFi’s future just got a major power-up! ⚡
Native Markets, the victorious bidder in the Hyperliquid stablecoin saga, has just made a move that screams ultimate conviction. 🚀
🔥 The Headline: They have officially pledged and locked 200,000 $HYPE tokens for a staggering 3-year period.
This isn't just a pledge; it's a long-term strategic anchor. Why does this matter?
· 🚀 Rocket Fuel for USDH: This massive lockup provides immense stability and signals a deep, long-term commitment to making USDH a cornerstone of the Hyperliquid ecosystem.
· 🎯 A Historic Goal: The mission is clear and ambitious: to make USDH the first permissionless spot asset on Hyperliquid. This is a giant leap for DeFi accessibility!
· 🤝 Call for Allies: But they’re not going it alone! Native Markets is actively seeking partnerships to boost USDH minting, enhance exchange liquidity, and drive integrations across the board.
This is more than an announcement; it's a declaration. Native Markets isn't just participating in the future of decentralized finance—they're locking in to help build it.
💬 Let's discuss!
What does this level of commitment from a major player mean for the future of USDH and the Hyperliquid ecosystem?
DYOR No Financial advice!
#Hyperliquid #USDH #HYPE #DeFi #Stablecoin
$HYPE
USDH Stablecoin Launches on Hyperliquid With $2M in Early Trading, Native Markets Chosen as Issuer
Hyperliquid has officially launched its first dollar-pegged stablecoin, USDH, marking a major step toward reducing reliance on external stablecoins like USDC. The debut came after a heated bidding war, with Native Markets winning issuance rights through a validator vote.
🚀 Launch Highlights
USDH went live with a USDC trading pair, logging nearly $2 million in early trading volume within the first 24 hours.Backed by cash and U.S. Treasury equivalents, USDH aims to offer traders a reliable unit of account and collateral across the Hyperliquid ecosystem.Revenue from reserves will be split between HYPE token buybacks and ecosystem growth, directly linking stablecoin adoption to Hyperliquid’s native token economy.
📊 Price Action & Market Reaction
HYPE token saw a mild uptick as traders priced in long-term buyback demand, though short-term moves remained limited.USDH pairs showed strong liquidity early on, but spreads were slightly wider than USDC, reflecting cautious initial adoption.If usage deepens, USDH could reduce dependence on Circle’s USDC while keeping yield within the Hyperliquid network.
⚠️ Risks to Watch
Peg stability in volatile conditions.Governance controversy, with concerns that the vote favored Native Markets.Competition from dominant players like USDC and USDT.
✅ Recommendation
Short-term: Expect some liquidity volatility and peg testing.Medium-term: If reserve transparency and adoption grow, USDH could become a strong collateral option inside Hyperliquid.For HYPE holders: Gradual upside is possible via reserve-linked buybacks.
👉 Bottom line: USDH shows strong potential, but traders should monitor adoption closely before making large moves.
Do you think USDH can realistically challenge USDC/USDT dominance, or will it stay a niche stablecoin within Hyperliquid?
#Hyperliquid #USDH #stablecoin #CryptoNews
🚀 Launch Highlights
USDH went live with a USDC trading pair, logging nearly $2 million in early trading volume within the first 24 hours.Backed by cash and U.S. Treasury equivalents, USDH aims to offer traders a reliable unit of account and collateral across the Hyperliquid ecosystem.Revenue from reserves will be split between HYPE token buybacks and ecosystem growth, directly linking stablecoin adoption to Hyperliquid’s native token economy.
📊 Price Action & Market Reaction
HYPE token saw a mild uptick as traders priced in long-term buyback demand, though short-term moves remained limited.USDH pairs showed strong liquidity early on, but spreads were slightly wider than USDC, reflecting cautious initial adoption.If usage deepens, USDH could reduce dependence on Circle’s USDC while keeping yield within the Hyperliquid network.
⚠️ Risks to Watch
Peg stability in volatile conditions.Governance controversy, with concerns that the vote favored Native Markets.Competition from dominant players like USDC and USDT.
✅ Recommendation
Short-term: Expect some liquidity volatility and peg testing.Medium-term: If reserve transparency and adoption grow, USDH could become a strong collateral option inside Hyperliquid.For HYPE holders: Gradual upside is possible via reserve-linked buybacks.
👉 Bottom line: USDH shows strong potential, but traders should monitor adoption closely before making large moves.
Do you think USDH can realistically challenge USDC/USDT dominance, or will it stay a niche stablecoin within Hyperliquid?
#Hyperliquid #USDH #stablecoin #CryptoNews
Attention Hyperliquid Traders! Major Update Incoming. 🚀
Get ready for lower fees and a new era of decentralized decision-making!
Hyperliquid has announced that its native stablecoin, USDH, will be deployed by a team chosen directly by the validators through an on-chain vote. This is democracy on the blockchain!
But that's not all...
The network is implementing an 80% fee reduction on several trading pairs following the upgrade. This is huge for active traders and liquidity providers!
The Process:
1. Teams submit their deployment proposals.
2. Validators vote on-chain.
3. The majority winner executes the deployment.
A powerful step for HYPE and a win for the entire ecosystem.
DYOR No Financial advice!
#Hyperliquid #FeeCut #USDH #CryptoNews #Altcoin
For trade 👇
$HYPE
Get ready for lower fees and a new era of decentralized decision-making!
Hyperliquid has announced that its native stablecoin, USDH, will be deployed by a team chosen directly by the validators through an on-chain vote. This is democracy on the blockchain!
But that's not all...
The network is implementing an 80% fee reduction on several trading pairs following the upgrade. This is huge for active traders and liquidity providers!
The Process:
1. Teams submit their deployment proposals.
2. Validators vote on-chain.
3. The majority winner executes the deployment.
A powerful step for HYPE and a win for the entire ecosystem.
DYOR No Financial advice!
#Hyperliquid #FeeCut #USDH #CryptoNews #Altcoin
For trade 👇
$HYPE
The USDH stablecoin has officially launched on Hyperliquid, while HYPE has declined
The long-awaited USDH stablecoin of #Hyperliquid has officially launched after the newly established company Native Markets won the thrilling ticker USDH bidding. Native Markets claims to have minted over 15 million USDH in the first 24 hours. The launch of USDH is expected to drive the further development of Hyperliquid.
Native Markets' Victory
The ticker bidding #USDH attracted participation from many "big players" in the crypto industry such as Paxos, Agora, and Ethena (backed by BlackRock). However, Native Markets won with the commitment that USDH will be a "Hyperliquid-first" and "Hyperliquid-aligned" stablecoin. The company pledges to allocate 50% of the revenue from USDH to the Hyperliquid Support Fund and ensures that this stablecoin is backed by cash and U.S. Treasury bills, while complying with regulations in the U.S. and Europe.
Intense Competition and HYPE's Decline
The launch of USDH occurs amid Hyperliquid facing strong competition from $ASTER , a new decentralized derivatives exchange (DEX) on the BNB Chain. Aster's token has surged, and Aster has even surpassed Hyperliquid in revenue in a short period. While Aster increased by 19%, HYPE, the token of Hyperliquid, has dropped more than 6% in the past 24 hours and nearly 19% over the week. Although Hyperliquid still leads in weekly trading volume, Aster's rise is generating significant pressure on the market. The crypto community is betting that HYPE will continue to decline, reflecting concerns about increasing competition. #anhbacong
The long-awaited USDH stablecoin of #Hyperliquid has officially launched after the newly established company Native Markets won the thrilling ticker USDH bidding. Native Markets claims to have minted over 15 million USDH in the first 24 hours. The launch of USDH is expected to drive the further development of Hyperliquid.
Native Markets' Victory
The ticker bidding #USDH attracted participation from many "big players" in the crypto industry such as Paxos, Agora, and Ethena (backed by BlackRock). However, Native Markets won with the commitment that USDH will be a "Hyperliquid-first" and "Hyperliquid-aligned" stablecoin. The company pledges to allocate 50% of the revenue from USDH to the Hyperliquid Support Fund and ensures that this stablecoin is backed by cash and U.S. Treasury bills, while complying with regulations in the U.S. and Europe.
Intense Competition and HYPE's Decline
The launch of USDH occurs amid Hyperliquid facing strong competition from $ASTER , a new decentralized derivatives exchange (DEX) on the BNB Chain. Aster's token has surged, and Aster has even surpassed Hyperliquid in revenue in a short period. While Aster increased by 19%, HYPE, the token of Hyperliquid, has dropped more than 6% in the past 24 hours and nearly 19% over the week. Although Hyperliquid still leads in weekly trading volume, Aster's rise is generating significant pressure on the market. The crypto community is betting that HYPE will continue to decline, reflecting concerns about increasing competition. #anhbacong
MoonPay Backs Agora in Contentious Battle for Hyperliquid’s USDH Stablecoin—Stripe Faces Community Resistance
Hyperliquid, a leading decentralized exchange poised to launch a native stablecoin named USDH, is facing intense governance conflict over who will issue the token. The decision now lies with validators, with a vote scheduled for September 14, 2025.
Several prominent entities are competing for issuance rights, including Paxos, Frax, Agora (backed by MoonPay), and others like Ethena.
Paxos proposes using 95% of reserve yields to support buybacks of Hyperliquid’s token (HYPE), leveraging its reputation as a regulated issuer.
Frax presents a community-first model, offering to pass 100% of treasury yield directly to users with zero fees.
Agora, forming a coalition with MoonPay, positions itself as a neutral, aligned issuer, committing all net income to HYPE buybacks or the ecosystem’s Assistance Fund.
The most controversial bid comes from Stripe’s Bridge platform. Critics—including Agora’s CEO Nick van Eck—warn that giving issuance control to Stripe, which is developing its own blockchain (Tempo) and controls wallet infrastructure, poses a conflict of interest and risks diminishing Hyperliquid’s sovereignty.
MoonPay’s President Keith Grossman reinforced this sentiment, arguing that “USDH deserves scale, credibility and alignment—not BS capture,” citing MoonPay’s stronger regulatory and user base credentials compared to Stripe.
If executed, USDH could replace approximately $5.5 billion in USDC currently used on Hyperliquid, redirecting treasury yield earnings into the platform—potentially amounting to hundreds of millions in annual revenue.
#USDH
#MoonPay
#CommunityCoin
#stablecoin
#HyperliquidEcosystem
Hyperliquid, a leading decentralized exchange poised to launch a native stablecoin named USDH, is facing intense governance conflict over who will issue the token. The decision now lies with validators, with a vote scheduled for September 14, 2025.
Several prominent entities are competing for issuance rights, including Paxos, Frax, Agora (backed by MoonPay), and others like Ethena.
Paxos proposes using 95% of reserve yields to support buybacks of Hyperliquid’s token (HYPE), leveraging its reputation as a regulated issuer.
Frax presents a community-first model, offering to pass 100% of treasury yield directly to users with zero fees.
Agora, forming a coalition with MoonPay, positions itself as a neutral, aligned issuer, committing all net income to HYPE buybacks or the ecosystem’s Assistance Fund.
The most controversial bid comes from Stripe’s Bridge platform. Critics—including Agora’s CEO Nick van Eck—warn that giving issuance control to Stripe, which is developing its own blockchain (Tempo) and controls wallet infrastructure, poses a conflict of interest and risks diminishing Hyperliquid’s sovereignty.
MoonPay’s President Keith Grossman reinforced this sentiment, arguing that “USDH deserves scale, credibility and alignment—not BS capture,” citing MoonPay’s stronger regulatory and user base credentials compared to Stripe.
If executed, USDH could replace approximately $5.5 billion in USDC currently used on Hyperliquid, redirecting treasury yield earnings into the platform—potentially amounting to hundreds of millions in annual revenue.
#USDH
#MoonPay
#CommunityCoin
#stablecoin
#HyperliquidEcosystem
USDH Stablecoin Launch Marks Major Milestone for Hyperliquid 🔥
Hyperliquid has officially launched its USDH stablecoin, now live for trading across its decentralized markets.
📊 Key Highlights:
Paired with HYPE and USDC, offering traders a stable and liquid option.
200,000 HYPE locked for 3 years by Native Markets, aligning governance + liquidity.
$15M USDH pre-minted via HyperEVM in collaboration with the Assistance Fund.
Backed by cash + U.S. Treasuries, ensuring strong stability.
HYPE buybacks funded by treasury returns — reinforcing ecosystem growth.
🗳️ The governance vote granting issuance rights to Native Markets outperformed bids from Paxos and Agora, making USDH the first official stablecoin within Hyperliquid.
⚔️ Competitive Landscape:
Rival Aster DEX (endorsed by CZ) recently overtook Hyperliquid in 24H revenue ($10M vs $3M).
PancakeSwap’s Solana cross-chain swaps further heat up competition.
Aster’s edge: BNB Chain integration + direct Solana deposits.
🚀 What’s Next for Hyperliquid?
USDH integration into spot markets.
USDH-margined perpetuals on the roadmap.
Renewed focus on innovation and DeFi dominance.
Hyperliquid is doubling down on long-term growth. The USDH launch not only expands liquidity but also sets the stage for stronger market positioning against rivals.
#Hyperliquid #USDH #defi #Stablecoin #hype
Hyperliquid has officially launched its USDH stablecoin, now live for trading across its decentralized markets.
📊 Key Highlights:
Paired with HYPE and USDC, offering traders a stable and liquid option.
200,000 HYPE locked for 3 years by Native Markets, aligning governance + liquidity.
$15M USDH pre-minted via HyperEVM in collaboration with the Assistance Fund.
Backed by cash + U.S. Treasuries, ensuring strong stability.
HYPE buybacks funded by treasury returns — reinforcing ecosystem growth.
🗳️ The governance vote granting issuance rights to Native Markets outperformed bids from Paxos and Agora, making USDH the first official stablecoin within Hyperliquid.
⚔️ Competitive Landscape:
Rival Aster DEX (endorsed by CZ) recently overtook Hyperliquid in 24H revenue ($10M vs $3M).
PancakeSwap’s Solana cross-chain swaps further heat up competition.
Aster’s edge: BNB Chain integration + direct Solana deposits.
🚀 What’s Next for Hyperliquid?
USDH integration into spot markets.
USDH-margined perpetuals on the roadmap.
Renewed focus on innovation and DeFi dominance.
Hyperliquid is doubling down on long-term growth. The USDH launch not only expands liquidity but also sets the stage for stronger market positioning against rivals.
#Hyperliquid #USDH #defi #Stablecoin #hype
🚨 JUST IN: USDH SUPPLY SOARS 🚨
New stablecoin #USDH has hit $24M supply within just 18 hours of launch. ⚡
Adoption is moving fast and the market is watching. 👀
#CryptoNews #stablecoin #defi #USDH
New stablecoin #USDH has hit $24M supply within just 18 hours of launch. ⚡
Adoption is moving fast and the market is watching. 👀
#CryptoNews #stablecoin #defi #USDH
Ethena Withdraws from USDH Stablecoin Race, Leaving Native Markets as Frontrunner
Ethena, the team behind the synthetic dollar protocol USDe, has pulled its bid to issue USDH, Hyperliquid’s native stablecoin, after facing community concerns over it not being a Hyperliquid-native project.
The decision clears the way for Native Markets to lead in the race; prediction markets now give Native Markets a ~92% chance of winning.
Ethena’s founder, Guy Young, praised the community and paid respect to the fairness of the Hyperliquid governance process, saying it embodies values important to Hyperliquid.
The vote to decide the winner is set for September 14.
#USDH #Hyperliquid #stablecoin #DeFiGovernance #CryptoNews
Ethena, the team behind the synthetic dollar protocol USDe, has pulled its bid to issue USDH, Hyperliquid’s native stablecoin, after facing community concerns over it not being a Hyperliquid-native project.
The decision clears the way for Native Markets to lead in the race; prediction markets now give Native Markets a ~92% chance of winning.
Ethena’s founder, Guy Young, praised the community and paid respect to the fairness of the Hyperliquid governance process, saying it embodies values important to Hyperliquid.
The vote to decide the winner is set for September 14.
#USDH #Hyperliquid #stablecoin #DeFiGovernance #CryptoNews
Paxos submits proposal to support Hyperliquid’s USDH stablecoin
#Paxos has submitted a proposal to back #Hyperliquid ’s upcoming #USDH stablecoin. The plan outlines global distribution under the GENIUS regulatory framework, along with a revenue-sharing model designed to support $HYPE, the protocol, and validators. As part of the proposal, Paxos said 95% of the interest earned from USDH reserves would be used to repurchase HYPE.
#Paxos has submitted a proposal to back #Hyperliquid ’s upcoming #USDH stablecoin. The plan outlines global distribution under the GENIUS regulatory framework, along with a revenue-sharing model designed to support $HYPE, the protocol, and validators. As part of the proposal, Paxos said 95% of the interest earned from USDH reserves would be used to repurchase HYPE.
🚨 LATEST: Sky proposes support for Hyperliquid’s $USDH stablecoin 💵
✅ 4.85% yield on $USDH
✅ GENIUS Act compliance options
✅ $25M commitment to autonomously grow DeFi on Hyperliquid
Big moves brewing in the #DeFi space. 🔥
#Hyperliquid #USDH #Crypto
✅ 4.85% yield on $USDH
✅ GENIUS Act compliance options
✅ $25M commitment to autonomously grow DeFi on Hyperliquid
Big moves brewing in the #DeFi space. 🔥
#Hyperliquid #USDH #Crypto
Hyperliquid’s USDH Stablecoin Race Heats Up — Native Markets Takes Lead Amid Strong Proposals
Hyperliquid (a DeFi perpetual futures exchange on its own L1, launched Nov 2024, $330B+ monthly trading in July) is voting to choose the issuer for its native stablecoin USDH.
Major bidders: Native Markets, Paxos, Frax Finance, Sky, Agora, Curve, OpenEden, BitGo. Ethena exited the race and endorsed Native Markets.
Native Markets proposal: mint USDH directly on HyperEVM, split reserve yield between HYPE (Hyperliquid’s native token) buybacks and ecosystem growth. Reserves managed via Stripe’s Bridge.
Paxos proposal touts their experience (BUSD, PayPal USD), compliance with stablecoin regulations (GENIUS Act, EU MiCA), and heavy integration with brokerage platforms. Yield from reserves largely directed toward HYPE.
Sky promises multichain support (via LayerZero), part of its balance sheet invested in Hyperliquid, yield to HYPE buybacks & help to validators.
OpenEden & BitGo also in competition: OpenEden proposed yield sharing, reserves managed by recognized custodial infrastructure, BitGo emphasized regulatory compliance and interoperability.
Vote mechanics: Validators vote onchain between a defined window; must reach two-thirds of stake. Hyperliquid Foundation + major stakers (holding ~63% of stake) pledged to abstain initially.
USDH would reduce Hyperliquid’s dependency on USDC (and its external issuer) for quoting, collateral, and settlement. More control over yield and governance.
Community alignment & regulatory compliance are central — bidders are evaluated by how closely they commit to Hyperliquid’s values (yield returns, HYPE buybacks, transparency) and legal risk.
This could set a precedent for how decentralized protocols choose stablecoin issuers, especially in high-liquidity settings. The outcome may influence yield capture, token economics, and governance models in DeFi.
#USDH #Hyperliquid #Stablecoins #DeFiGovernance #CryptoFinance
Hyperliquid (a DeFi perpetual futures exchange on its own L1, launched Nov 2024, $330B+ monthly trading in July) is voting to choose the issuer for its native stablecoin USDH.
Major bidders: Native Markets, Paxos, Frax Finance, Sky, Agora, Curve, OpenEden, BitGo. Ethena exited the race and endorsed Native Markets.
Native Markets proposal: mint USDH directly on HyperEVM, split reserve yield between HYPE (Hyperliquid’s native token) buybacks and ecosystem growth. Reserves managed via Stripe’s Bridge.
Paxos proposal touts their experience (BUSD, PayPal USD), compliance with stablecoin regulations (GENIUS Act, EU MiCA), and heavy integration with brokerage platforms. Yield from reserves largely directed toward HYPE.
Sky promises multichain support (via LayerZero), part of its balance sheet invested in Hyperliquid, yield to HYPE buybacks & help to validators.
OpenEden & BitGo also in competition: OpenEden proposed yield sharing, reserves managed by recognized custodial infrastructure, BitGo emphasized regulatory compliance and interoperability.
Vote mechanics: Validators vote onchain between a defined window; must reach two-thirds of stake. Hyperliquid Foundation + major stakers (holding ~63% of stake) pledged to abstain initially.
USDH would reduce Hyperliquid’s dependency on USDC (and its external issuer) for quoting, collateral, and settlement. More control over yield and governance.
Community alignment & regulatory compliance are central — bidders are evaluated by how closely they commit to Hyperliquid’s values (yield returns, HYPE buybacks, transparency) and legal risk.
This could set a precedent for how decentralized protocols choose stablecoin issuers, especially in high-liquidity settings. The outcome may influence yield capture, token economics, and governance models in DeFi.
#USDH #Hyperliquid #Stablecoins #DeFiGovernance #CryptoFinance
Paxos USDH Proposal V2 Released: PayPal & Venmo Join Hyperliquid
Today, on September 10, 2025, a Paxos USDH Proposal V2 is released. It is a detailed plan aimed at scaling Hyperliquid on a global scale while also maintaining regulatory compliance. The proposal brings PayPal and Venmo integrations. This move makes USDH a potential gateway stablecoin for global DeFi.
Paxos USDH Proposal V2 Released Today
On September 10, 2025, one of the world's most trusted and regulated stablecoin issuers announced Proposal V2 after three days of intense community consultations. This proposal is a refined version of its previous proposal, answering issues that have been raised by the Hyperliquid community.
At its root, V2 adds three important upgrades:
The integration of HYPE with PayPal and VenmoThe introduction of free USDH on/off-rampsA $20 million incentive fund to help speed the growth of ecosystems.
Beyond incentives, the proposal harnesses the special legal authorization to issue stablecoins anywhere in the world, particularly in Europe, where no other issuer could benefit from the same compliance advantage.
Source: Official website
Hyperliquid, PayPal, and Venmo's Relation with the Paxos USDH Proposal V2
Hyperliquid (HYPE Token) is the native ecosystem in which USDH will operate. The release turns Hyperliquid into a Global liquidity infrastructure. Hyperliquid becomes one of those trading centers for building a global financial infrastructure as its base currency.
PayPal, with over 400 million users and $1 trillion+ annual payment volume, will be integrating Hyperliquids' planned stablecoin into its ecosystem, including Checkout, Braintree, Hyperwallet, and Xoom. PayPal has also committed $20 million in incentives to the HYPE ecosystem and will sponsor free USDH on/off-ramps, making transactions in stablecoins seamless for global users.
Venmo, PayPal's social payment app that has a strong adoption in the U.S., will include HYPE and support its based transactions. This means millions of Venmo users can buy, hold, and use USDH directly for peer-to-peer payments and transactions with merchants.
Global Integrating Payments
Under the new proposal, there are multiple real-world use cases:
Checkout with Crypto: Customers pay for purchases, and merchants receive fiat.P2P transfers on Venmo.Remittances through Xoom in 100+ countries.Mass payouts to freelancers and contractors using Hyperwallet.
Paxos Revenue and Reward Structure
One of the big improvements on V2 is the changed revenue and reward model:
Paxos earns zero revenue until USDH’s TVL (total value locked) exceeds $1B.After $1B, Paxos’ share rises gradually, capped at 5% once TVL surpasses $5B.All fees are collected in HYPE tokens, ensuring alignment with community interests.Rewards to the AF (Asset Fund) increase from 20% at launch to 70% once TVL grows beyond $5B.
This structure ensures that the stablecoin issuer only makes money when Hyperliquid is really growing well.
Paxos Growth Plan
Paxos hopes to extend Hyperliquid beyond trading to a full-scale global liquidity and DeFi infrastructure.Through HIP-3, Paxos will also provide asset issuers with the incentive to list perpetual markets on HYPE, which will increase the demand to trade.Stablecoin issuer is planning to launch DeFi products, collateralized loans, and structured financial offerings, which will be accessible to a global audience through its regulated network.Importantly, this stablecoin issuer will incentivize ecosystem builders, liquidity providers, and enterprises to adopt a dollar-backed token, ensuring long-term adoption.
Source: Official X
Paxos Hyperliquid Session is going to happen tomorrow for the questions and doubts arising from the community.
Conclusion
Paxos Crypto says its success is linked to the performance of HYPE. With no revenue before hitting $1B TVL, all early value flows to the community. This ensures that the token, its builders, and users benefit first before Paxos starts to make money.
This step is a turning point for stablecoins and decentralized finance. If carried out, this may go a long way as a foundation of on-chain finance around the world.
visit- CoinGabbar
#Paxos #USDH #ProposalV2 #Released
Paxos USDH Proposal V2 Released Today
On September 10, 2025, one of the world's most trusted and regulated stablecoin issuers announced Proposal V2 after three days of intense community consultations. This proposal is a refined version of its previous proposal, answering issues that have been raised by the Hyperliquid community.
At its root, V2 adds three important upgrades:
The integration of HYPE with PayPal and VenmoThe introduction of free USDH on/off-rampsA $20 million incentive fund to help speed the growth of ecosystems.
Beyond incentives, the proposal harnesses the special legal authorization to issue stablecoins anywhere in the world, particularly in Europe, where no other issuer could benefit from the same compliance advantage.
Source: Official website
Hyperliquid, PayPal, and Venmo's Relation with the Paxos USDH Proposal V2
Hyperliquid (HYPE Token) is the native ecosystem in which USDH will operate. The release turns Hyperliquid into a Global liquidity infrastructure. Hyperliquid becomes one of those trading centers for building a global financial infrastructure as its base currency.
PayPal, with over 400 million users and $1 trillion+ annual payment volume, will be integrating Hyperliquids' planned stablecoin into its ecosystem, including Checkout, Braintree, Hyperwallet, and Xoom. PayPal has also committed $20 million in incentives to the HYPE ecosystem and will sponsor free USDH on/off-ramps, making transactions in stablecoins seamless for global users.
Venmo, PayPal's social payment app that has a strong adoption in the U.S., will include HYPE and support its based transactions. This means millions of Venmo users can buy, hold, and use USDH directly for peer-to-peer payments and transactions with merchants.
Global Integrating Payments
Under the new proposal, there are multiple real-world use cases:
Checkout with Crypto: Customers pay for purchases, and merchants receive fiat.P2P transfers on Venmo.Remittances through Xoom in 100+ countries.Mass payouts to freelancers and contractors using Hyperwallet.
Paxos Revenue and Reward Structure
One of the big improvements on V2 is the changed revenue and reward model:
Paxos earns zero revenue until USDH’s TVL (total value locked) exceeds $1B.After $1B, Paxos’ share rises gradually, capped at 5% once TVL surpasses $5B.All fees are collected in HYPE tokens, ensuring alignment with community interests.Rewards to the AF (Asset Fund) increase from 20% at launch to 70% once TVL grows beyond $5B.
This structure ensures that the stablecoin issuer only makes money when Hyperliquid is really growing well.
Paxos Growth Plan
Paxos hopes to extend Hyperliquid beyond trading to a full-scale global liquidity and DeFi infrastructure.Through HIP-3, Paxos will also provide asset issuers with the incentive to list perpetual markets on HYPE, which will increase the demand to trade.Stablecoin issuer is planning to launch DeFi products, collateralized loans, and structured financial offerings, which will be accessible to a global audience through its regulated network.Importantly, this stablecoin issuer will incentivize ecosystem builders, liquidity providers, and enterprises to adopt a dollar-backed token, ensuring long-term adoption.
Source: Official X
Paxos Hyperliquid Session is going to happen tomorrow for the questions and doubts arising from the community.
Conclusion
Paxos Crypto says its success is linked to the performance of HYPE. With no revenue before hitting $1B TVL, all early value flows to the community. This ensures that the token, its builders, and users benefit first before Paxos starts to make money.
This step is a turning point for stablecoins and decentralized finance. If carried out, this may go a long way as a foundation of on-chain finance around the world.
visit- CoinGabbar
#Paxos #USDH #ProposalV2 #Released
🤣 *Sky’s Got Big Plans: Helping Hyperliquid Launch USDH with Sweet 4.85% Yield & 25M Fuel! 🚀💸*
—
🔥 LATEST: Sky Proposes to Launch Hyperliquid’s USDH Stablecoin with Juicy Yield GENIUS Act Compliance! 💥🤑
Alright fam, here’s the scoop — Sky wants to back Hyperliquid’s USDH stablecoin and make it rain! They’re offering a **4.85
But wait, there’s more — a whopping *25 MILLION commitment* to autonomously grow DeFi on Hyperliquid’s platform. That’s serious firepower for building the future of decentralized finance! 🔥💼
---
📊 What This Means:
- 4.85% yield on USDH makes it a very attractive stablecoin for holders looking for passive income without risking volatility 💵💰
- GENIUS Act compliance means smoother sailing with regulators — a big plus for mainstream adoption and trust ✅
- $25M commitment means more projects, liquidity, and innovation to make Hyperliquid a DeFi powerhouse 🚀
---
🔮 Predictions & Analysis:
- Expect USDH to gain traction fast as it combines yield with strong compliance credentials 🌱
- More DeFi products and services will sprout up on Hyperliquid, attracting fresh users and investors 📈
- This could push Hyperliquid into the top tier of DeFi platforms if all goes well 🔥
---
💡 Pro Tips & Solutions:
- If you’re into yield farming or stablecoins, keep USDH on your radar — 4.85
- Watch for announcements on new DeFi apps or partnerships powered by that25M growth fund 🚀
- Stay tuned on compliance news — GENIUS Act options might become the new gold standard in DeFi 🔐
---
Sky’s move is not just support — it’s a bold push to elevate Hyperliquid and stablecoins to the next level. Time to buckle up for some serious DeFi action! 🚀💥
$HYPE
#Hyperliquid #USDH #Stablecoin #DeFi
—
🔥 LATEST: Sky Proposes to Launch Hyperliquid’s USDH Stablecoin with Juicy Yield GENIUS Act Compliance! 💥🤑
Alright fam, here’s the scoop — Sky wants to back Hyperliquid’s USDH stablecoin and make it rain! They’re offering a **4.85
But wait, there’s more — a whopping *25 MILLION commitment* to autonomously grow DeFi on Hyperliquid’s platform. That’s serious firepower for building the future of decentralized finance! 🔥💼
---
📊 What This Means:
- 4.85% yield on USDH makes it a very attractive stablecoin for holders looking for passive income without risking volatility 💵💰
- GENIUS Act compliance means smoother sailing with regulators — a big plus for mainstream adoption and trust ✅
- $25M commitment means more projects, liquidity, and innovation to make Hyperliquid a DeFi powerhouse 🚀
---
🔮 Predictions & Analysis:
- Expect USDH to gain traction fast as it combines yield with strong compliance credentials 🌱
- More DeFi products and services will sprout up on Hyperliquid, attracting fresh users and investors 📈
- This could push Hyperliquid into the top tier of DeFi platforms if all goes well 🔥
---
💡 Pro Tips & Solutions:
- If you’re into yield farming or stablecoins, keep USDH on your radar — 4.85
- Watch for announcements on new DeFi apps or partnerships powered by that25M growth fund 🚀
- Stay tuned on compliance news — GENIUS Act options might become the new gold standard in DeFi 🔐
---
Sky’s move is not just support — it’s a bold push to elevate Hyperliquid and stablecoins to the next level. Time to buckle up for some serious DeFi action! 🚀💥
$HYPE
#Hyperliquid #USDH #Stablecoin #DeFi
#Messari : Hyperliquid - Stablecoin Wars
> This report analyzes Hyperliquid’s shifting #stablecoin landscape and the emergence of #USDH as a Hyperliquid-aligned asset.
> It explores how USDH’s expansion across HyperEVM, HIP-3 exchanges, and HyperCore collateralization could redefine protocol economics and value capture. $USDT $BTC
> This report analyzes Hyperliquid’s shifting #stablecoin landscape and the emergence of #USDH as a Hyperliquid-aligned asset.
> It explores how USDH’s expansion across HyperEVM, HIP-3 exchanges, and HyperCore collateralization could redefine protocol economics and value capture. $USDT $BTC
Hyperliquid launches USDH Stablecoin: Positive signals for innovation in DeFi
The decentralized exchange #Hyperliquid has just announced a groundbreaking proposal: seeking teams to launch a new stablecoin called USDH on its network. This move not only demonstrates the dynamism of Hyperliquid but also represents a significant step forward in building a robust and autonomous DeFi ecosystem.
Promoting competition and creativity
Opening a public competition for teams to build #USDH will promote healthy competition and attract top talent in the industry. Although there are some mixed opinions from the community regarding the fairness of the proposal, it is these debates that reflect the transparency and user participation, which are core values of decentralized finance. Allowing teams to propose a stablecoin compliant with the GENIUS Act also shows that Hyperliquid is proactively adapting to the increasingly stringent regulatory environment.
A "Hyperliquid-first" Stablecoin
The goal of USDH is to become a stablecoin that is "natively mined" and "closely linked" to Hyperliquid. This not only helps this exchange to have a stable internal currency for trading but also creates a new revenue stream from reserve profits. The success of USDH will reinforce Hyperliquid's position as a leading DeFi platform, attracting more users and capital flows, while also proving that crypto projects can develop their own payment solutions independently. #anhbacong
The decentralized exchange #Hyperliquid has just announced a groundbreaking proposal: seeking teams to launch a new stablecoin called USDH on its network. This move not only demonstrates the dynamism of Hyperliquid but also represents a significant step forward in building a robust and autonomous DeFi ecosystem.
Promoting competition and creativity
Opening a public competition for teams to build #USDH will promote healthy competition and attract top talent in the industry. Although there are some mixed opinions from the community regarding the fairness of the proposal, it is these debates that reflect the transparency and user participation, which are core values of decentralized finance. Allowing teams to propose a stablecoin compliant with the GENIUS Act also shows that Hyperliquid is proactively adapting to the increasingly stringent regulatory environment.
A "Hyperliquid-first" Stablecoin
The goal of USDH is to become a stablecoin that is "natively mined" and "closely linked" to Hyperliquid. This not only helps this exchange to have a stable internal currency for trading but also creates a new revenue stream from reserve profits. The success of USDH will reinforce Hyperliquid's position as a leading DeFi platform, attracting more users and capital flows, while also proving that crypto projects can develop their own payment solutions independently. #anhbacong
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