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Paxos launches $USDH Proposal V2 with PayPal partnership, boosting Hyperliquid’s global adoption efforts.
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Hyperliquid gains massive reach as PayPal integrates assets across 400M users and 35M merchants.
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Paxos introduces community-first rewards, capping its revenue and aligning fully with Hyperliquid’s long-term success.
Stablecoin issuer Paxos has rolled out its updated $USDH Proposal V2, outlining a bold plan to scale Hyperliquid globally. The proposal introduces three major upgrades, a PayPal partnership, a new rewards model, and global expansion initiatives, all designed to make $USDH a leading stablecoin in decentralized finance.
Paxos makes it clear: its success depends fully on Hyperliquid’s success.
PayPal Partnership Opens the Doors
In a recent blog post, Paxos Labs announced $USDH Proposal V2, highlighting its role in expanding Hyperliquid’s reach worldwide. On top of it, Paxos’ new partnership with PayPal will allow Hyperliquid assets to reach millions of everyday users.
- $HYPE will be listed on PayPal and Venmo, making it easy for people to buy.
- $USDH will have free on/off-ramps through PayPal services.
- A $20 million incentive fund will help grow adoption quickly.
Beyond that, PayPal’s products like Checkout, Braintree, Hyperwallet, Venmo, and Xoom will also support $USDH, adding reach across over 400 million users and 35 million merchants.
Stablecoin issuer Paxos released the $USDH Proposal V2 on September 10, featuring three major upgrades: $HYPE listed on PayPal/Venmo, $USDH free on/off-ramps, and $20 million ecosystem incentives; Paxos can only earn revenue once the TVL target is met, capped at 5%, with all fees…
— Wu Blockchain (@WuBlockchain) September 10, 2025
Unlike other players, Paxos is already authorized to issue stablecoins in regulated markets like Europe. This gives $USDH a unique edge to scale globally without running into compliance barriers.
By combining its regulatory approval with strong distribution partners, Paxos wants $USDH to become the gateway stablecoin for DeFi worldwide.
Building Hyperliquid Into Global Liquidity Infrastructure
The proposal goes beyond payments and compliance. Paxos outlined plans to:
- Help fintechs and brokerages tap into Hyperliquid liquidity.
- Support asset issuers in creating new markets.
- Expand lending and DeFi products through HyperEVM.
These moves could turn Hyperliquid into more than a trading platform — making it the backbone of global decentralized finance.
Community-First Rewards
Paxos also redesigned how rewards will work. The company will only earn revenue after $USDH hits major growth milestones. Even then, its earnings are capped at 5%.
All fees will be paid in $HYPE tokens, meaning Paxos and the community are aligned. The more Hyperliquid grows, the more everyone benefits together.
Follwoing the news Hyperliquid’s $HYPE token price has jump by nealry 1.5% in the last 24 hours trading around $55.18