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Today in crypto, Paxos has proposed a fully compliant USDH stablecoin for the Hyperliquid ecosystem , Michael Saylor’s net worth has increased by $1 billion since the start of this year. Meanwhile, Bitcoin difficulty climbs to new all-time high.
Stablecoin infrastructure firm Paxos has submitted a proposal to launch USDH, a Hyperliquid-first stablecoin that would be fully compliant with the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) and Markets in Crypto-Assets (MiCA) regulatory standards.
According to the announcement, published on Saturday, 95% of interest earned from USDH reserves would be used to buy back Hyperliquid’s native token HYPE, redistributing it to users, validators and partner protocols.
