Paxos updates USDH Proposal v2, will partner with PayPal, and receive a $20 million PayPal Eco-incentive.

BlockBeats News, September 10th, stablecoin issuer Paxos has updated the USDH proposal to version 2, which provides three upgrades:

First, a partnership with PayPal, where HYPE will launch on PayPal/Venmo (subject to regulatory approval), offering free USDH deposits and withdrawals, a $20 million ecosystem incentive, and global payment integrations among Checkout, Braintree, Venmo, Hyperwallet, and Xoom;

Second, a clear AF-first incentive structure, where Paxos will only earn revenue after reaching a TVL milestone, capped at 5%, with all fees collected in HYPE tokens;

Third, Paxos will be able to legally issue stablecoins in Europe, ensuring USDH can expand globally in a fully compliant manner.