Paxos Proposes to Issue USDH Stablecoin for Hyperliquid with 95% Revenue Share to HYPE Buyback

Paxos submitted a proposal to issue USDH as Hyperliquid's first native stablecoin with 95% of interest earnings allocated toward HYPE token buybacks, leveraging its acquisition of Molecular Labs and Hyperliquid's record $106 million in perpetual futures trading revenue during August with 70% DeFi market share.