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
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
If Ethereum breaks above $3100, the mainstream CEX cumulative short liquidation pressure will reach $9.05 billion.
Data Center Overheating Causes Nasdaq to Halt Trading for Over 10 Hours, Backup Data Center Not Deployed
Alliance DAO Genesis: Does not believe that L1 tokens are always a bad investment, nor will it short them
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]