Paxos proposes Hyperliquid-first stablecoin, allocates yield to HYPE buybacks

Paxos has proposed a fully compliant USDH stablecoin for the Hyperliquid ecosystem, with most of its yield funneled into HYPE token buybacks.
Source: Paxos proposes Hyperliquid-first stablecoin, allocates yield to HYPE buybacks (https://cointelegraph.com/news/paxos-proposes-usdh-stablecoin-for-hyperliquid?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)