This upward momentum reflects confidence in Hyperliquid’s stablecoin strategy, which has drawn attention from established issuers.
It also stated that USDH would hold the highest quality T-Bills, Repos, and USDG reserves.
Meanwhile, the proposal offered an aggressive revenue-sharing model.
According to Paxos, 95% of interest from USDH reserves would go toward buying back HYPE and this redistribution would be earmarked for ecosystem partners and users.
Paxos also pledged to list HYPE across its brokerage infrastructure, which already powers trading on PayPal, Venmo, MercadoLibre, Nubank, and Interactive Brokers.
Its plan features a coalition that includes Rain for card and fiat coverage, LayerZero for cross-chain interoperability, and Moonpay for retail access at launch.
Agora pledged to send all net revenue from USDH operations back to Hyperliquid, either through its Assistance Fund or by purchasing HYPE on the open market.
