TechFlow, on September 12, bhau, co-founder of Paxos Labs, posted on X platform seemingly acknowledging the failure of the USDH bid and thanking the community for support. He stated that when the USDH proposal was initially introduced, the goal was to directly engage and understand Hyperliquid community's demand for an ecosystem stablecoin. In just the past week, he has gained deeper insight into what truly matters. Although the current proposal is now locked, this marks only the beginning of an ongoing dialogue. Paxos will continue contributing to the ecosystem, aiming not merely at winning governance votes but at growing the overall ecosystem.
Paxos official account on X stated that validator voting for the USDH proposal may have concluded, with restaking open until this Sunday. According to the latest USDH bid data, Native Markets currently holds 70.31% of staked share support, while Paxos Labs ranks second with 16.79% staked share support.
