Key Takeaways
Paxos just dropped a new stablecoin called USDH – yeah, because we totally needed more stablecoins, right? This one’s Hyperliquid-aligned with a “HYPE” rewards system, aiming for institutions and regulatory types who love rules more than they love their own coffee machines. Hyperliquid’s still killing it in the DeFi world with big trades and even bigger whales (seriously, call Greenpeace).
Paxos, the Monopoly banker of stablecoin factories, wants to blast USDH into our portfolios – imagine a stablecoin so “Hyperliquid-first” it probably brings a towel and goggles. PLUS, it’s ready to play nice with the GENIUS Act and MiCA, which means they gave regulators shoulder massages till everyone was chill 😏.
The official quote:
“We propose launching USDH, a Hyperliquid-first, fully compliant stablecoin. It’s here to drive adoption, line everyone’s pockets, and try VERY hard to sound futuristic.”
Details of the Paxos – Hyperliquid ‘Marriage’
So here’s the spicy bit: A jaw-dropping, eyebrow-lifting 95% of USDH reserve interest will be used to buy back the magical HYPE token. No, they’re not giving out free sandwiches, but everybody gets a slice – users, validators, even partner protocols. It’s like Oprah’s “You get a car!” but with tokens.
Paxos is rolling USDH across HyperEVM and HyperCore – don’t ask your parents what those are, just nod sagely – to lure institutional investors and fintech folks by promising to obey all known banking commandments. “Thou shalt comply!”
With 70+ financial partners from the U.S., EU, Singapore, Abu Dhabi, and Latin America, Paxos will push out USDH faster than you can say, “Where’s my compliance paperwork?”
Community reactions
The crowd went wild – by DeFi standards, meaning a flurry of tweets, some excited memes, and a few people actually reading the proposal. Names dropped: @withAUSD, @raincards, @LayerZero_Core, and @EtherFi – the Avengers of tokens.
According to Rob Hadick (whose Twitter fingers never sleep), this proposal is like a supergroup: with Paxos’ infrastructure, Rain’s spending gadgets, LayerZero’s ability to connect basically everything, and Ether.fi’s digital vault wizardry. Apparently, it avoids all the “bad stuff” seen in lesser proposals, which means fewer headaches and more time for golf ⛳.
“Best institutional backing. Best usability. If this thing fails, I’ll eat my keyboard.”
Rob then “wisely” observes,
“Let’s see if this whole thing stays open and fair. If not, I’ll have outrage and memes ready.”
What’s more?
Meanwhile, Hyperliquid is eating the entire DeFi buffet. $106M in revenue off $400 BILLION in trading (somewhere, a banker just fainted). They own 70% of the market, which leaves the rest fighting for scraps like pigeons at Central Park.
HYPE just shot up from $43 to $50.97, with a volume so high it needs a parachute – up 83%. Whales are gobbling it up, on-chain numbers are dancing, and your neighbor’s dog probably owns some too. Current price is $51.40 after a solid 9.34% jump in 24 hours. Not bad for a day’s work!
Bottom line: With USDH coming and all those sweet buybacks, Hyperliquid is ready to party. DeFi gets more mainstream, everyone gets more compliance, and – fingers crossed – your grandma finally understands what “yield” means. Mazel tov! 🎉💸
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2025-09-09 09:27