Overview

• Paxos says HYPE will be listed on PayPal and Venmo and USDH will have free on/off‑ramps across Checkout, Braintree, Venmo, Hyperwallet and Xoom, all subject to regulatory approval.
• Paxos proposes reinvesting all USDH yield until $1 billion in TVL, starting revenue only after that threshold and capping its share at 5% once TVL surpasses $5 billion, with all fees paid in HYPE.
• The plan earmarks $20 million in incentives to drive adoption, liquidity and trading activity across the Hyperliquid ecosystem.
• Paxos highlights regulatory positioning, including its claim to be the only legally authorized stablecoin issuer in Europe, to support global rollout.
• Validators are scheduled to begin voting on Sept. 14, with rival bids from Frax, Ethena, Sky, LayerZero, Agora and Rain still in contention.