Hyperliquid and Paxos Join Forces to Innovate the Stablecoin Landscape with USDH
The stablecoin market is witnessing a potential transformation as Hyperliquid, a leading decentralized exchange, embarks on an ambitious journey to redefine how stablecoins operate. At the center of this movement is a newly proposed stablecoin, USDH, which aims to address a critical issue prevalent in the current stablecoin environment: the distribution of profits from reserve holdings. Currently, in popular stablecoins like USDC and USDt, issuers such as Circle and Tether maintain reserves in secure assets like US Treasurys or cash to back every circulating token. The yields generated from these reserves typically benefit the issuers instead of the users. This












