TechFlow news, on September 7, stablecoin issuer Paxos released a proposal to support HyperLiquid's stablecoin USDH. Paxos stated its commitment to making Hyperliquid a top priority and has established a new entity, Paxos Labs, which acquired Molecular Labs—the infrastructure provider behind LHYPE and WHLP. These two infrastructures have supported the Hyperliquid ecosystem since the first day of HyperEVM's launch.
Paxos said that if selected as the USDH issuer, it will implement a revenue-sharing program, distributing 95% of the interest earned from USDH reserves to repurchase HYPE and redistribute it to ecosystem initiatives, partners, and users.
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