Paxos: proposal of three important updates for the stablecoin USDH V2

Paxos, renowned stablecoin issuer, today released a new $USDH V2 proposal with three major updates, aiming to unlock Hyperliquid on a global scale. Here are the key points of the proposal.

Paxos: the stablecoin issuer and the $USDH V2 proposal to unlock Hyperliquid on a global scale

Today, the stablecoin issuer Paxos released a new $USDH V2 proposal that includes three major updates.

72 hours. Every comment read and concern addressed.

We’re out of the war room, with @PayPal + @Venmo on board.

$USDH Proposal v2:

❏ PayPal ecosystem integrations + $20M incentives
❏ AF pledge starts at 20% and rises w/ TVL
❏ Paxos takes 0 until >$1B, capped at 5% past $5B pic.twitter.com/eLucHcw63h

— Paxos (@Paxos) September 10, 2025

“72 hours. All comments have been read and all concerns have been considered. We are out of the operations room, with @PayPal + @Venmo on board. $USDH v2 proposal: – PayPal ecosystem integrations + $20 million incentives; – AF commitment starts at 20% and increases with TVL; -Paxos takes 0 up to >$1 billion, with a maximum cap of 5% beyond $5 billion”

According to what was reported, the three updates proposed by Paxos in its $USDH V2 proposal include:

1. Partnership with PayPal – with the $HYPE token listed on PayPal/Venmo, free $USDH on/off ramps, ecosystem incentives amounting to 20 million dollars, and global payment integrations on Checkout, Braintree, Venmo, Hyperwallet, and Xoom.
2. Renewed rewards: clear and transparent incentive structure, with Paxos earning only once TVL targets are met, with a maximum cap of 5%, and all fees taken in $HYPE tokens to align directly with the community.
3. Global scalability initiatives – Paxos is the only issuer capable of legally issuing stablecoins globally – no one else can legally issue them in Europe, period – ensuring that $USDH can scale globally in a fully compliant manner.

The goal of Paxos is to unlock Hyperliquid on a global scale, with its $HYPE token which will then be listed as a purchasable asset on PayPal and Venmo, following regulatory approval.

Paxos: the new $USDH V2 proposal to design the stablecoin

This new proposal comes after, just two days ago, Paxos reportedly submitted the proposal to design $USDH, the stablecoin pegged to the dollar intended for the Hyperliquid ecosystem.

In practice, at that time, the structure stipulated that approximately 95% of the yield generated from the reserves was used for the repurchase of the $HYPE token, which was then redistributed within the ecosystem.

In any case, the initial proposal of $USDH is the dollar-pegged stablecoin, issued and managed by Paxos and designed to be used on Hyperliquid with direct links to banking channels and brokerage services.

Here, the goal is to offer a regulated infrastructure that facilitates institutional adoption without sacrificing the functionalities of DeFi.

Now, instead, the new $USDH V2 proposal aims to facilitate the unlocking of Hyperliquid on a global scale.

$HYPE: the price pumped by +22% in the last 7 days

In the meantime, taking a look at the 11th crypto by market cap, Hyperliquid ($HYPE), it seems that the trend is bullish.

At the time of writing, $HYPE is valued at $54.96, in a pump of +22% compared to 7 days ago.

In fact, it can be said that since September 9, the price of $HYPE seems to oscillate around its all-time highs or ATH – All Time High, even surpassing $55.