Paxos has made his earlier proposal changes in the current bid on USDH Stablecoin van Hyperliquid. This new offer can give it a competitive advantage about Ethena, Sky, Layerzero, Agora.
Summary
- Paxos has updated his proposal for hyperliquid’s USDH Stablecoin with important strategic improvements, including a PayPal partnership to support the global acceptance of USDH.
- Paxos undertakes to reinvest the USDH income in the growth of Hyperliquid until it reaches $ 1 billion in TVL, with his turnover share down 5% after $ 5 billion.
- Paxos plans to integrate USDH with large fintech companies and brokers to scale the liquidity infrastructure, which extends hyperliquis to the business space.
- Other competitors such as Ethena, Sky, Layerzero, Agora have also submitted with votes expected on September 14.
Stablecoin -Emittent Paxos has rolled out an updated version of his proposal in the current competitive bidding process to house the USDH Stablecoin of Hyperliquid. This Final overhaul Comes with strategic improvements, designed to strengthen the position of paxos against other contenders and to better adapt to the needs of the community.
USDH Bid: Paxos Pushes PayPal, Venmo Integration
The Updated proposal Introduces an important partnership with PayPal, which Paxos believes will improve the world scale and accessibility of the USDH Stablecoin. This collaboration, which includes the list of hype token on PayPal and Venmo, offers USDH support free on/off-roots and $ 20 million in ecosystem stimuli.
Paxos claims that this alliance will play a crucial role in supporting USDH’s approval, which means PayPal’s huge user base of 400 million customers and 35 million traders are used worldwide.
In addition to the PayPal partnership, Paxos has renewed the structure of the rewards for the USDH Stablecoin. The new incentive system ensures that Paxos only benefits when USDH scales. According to the plan, Paxos will reinvest USDH income in hyperliquid’s growth and assistance fund (off) until USDH has locked $ 1 billion in total value (TVL).
Only after this threshold has been surpassed do Paxos take a retractor share of 5%. This approach makes the success of Paxos directly with the growth of Hyperliquid, which strengthens its dedication to scalability in the long term.
The proposal noted that USDH will play an important role in global Defi acceptance, which serves as a gateway stablecoin for a new era of financial products. This stimulates both liquidity providers and companies to use USDH, so that the ecosystem is further expanded.
“Together this framework ensures that Paxos only wins if hyperliquid wins, and USDH becomes the gateway stablecoin for global defi -acceptance,” Paxos stated.
Global scale, legal compliance and liquidity infrastructure
Another important characteristic of Paxos’ proposal is the focus on global scale. According to the company, Paxos is the only issuer who is legally positioned to publish Stablecoins worldwide, especially in Europe, where no other competitor has approval for such activities. This can be an important distinctive factor for paxos, because it offers an immediate advantage in the worldwide scales of USDH without the compliance nuisances that other competitors are confronted.
In addition, Paxos takes steps to improve the liquidity infrastructure of hyperliquid by working with fintech companies and brokers to integrate construction codes that make seamless onboarding of new users possible and enable adapted eternal market pairs for USDH and other assets.
Paxos is not alone in the race to house USDH. Competitors such as Frax Finance, Agora, Rain, Layerzero, Sky and Ethena Labs are all compromising for the position, with each offer different stimuli and support from important industrial players. Frax Finance, for example, has proposed supporting USDH with its FRXUSD, supported by BlackRock’s Buidl Fund.
Ethena Labs drove a fully supported USDH with an obligation to return 95% of the net income to Hyperliquid. While validators are preparing for the winner from September 14, the race for USDH issue remains one of the most expected developments in the Defi space. With this fierce competition, the hyperliquid community can have a hard time deciding which proposal will best serve the long-term goals of USDH adoption and ecosystem in general.
