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.
You may also like
Gainers
Latest Crypto News
Next Week Macro Outlook: Fed Set The Tone Week! The Fed Faces the "Ultimate Showdown"
SAHARA experiences a sudden 50% price drop, causing its market value to be "halved" to $1.06 billion
In the last 24 hours, there has been a total of $159 million in liquidations across the network, with the majority coming from long positions.
The HyperLiquid team unbonded 2.6 million HYPE tokens, with 609,000 tokens being sent to an OTC platform.
Trump: Stocks and 401k Plans Have Reached All-Time Highs, While Inflation, Prices, and Taxes Are All Decreasing
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]