Paxos Introduces USDH Stablecoin for Hyperliquid Platform
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 07 2025Paxos Launches USDH: Paxos is introducing a new stablecoin, USDH, aimed at enhancing the Hyperliquid ecosystem by redirecting yield into HYPE token buybacks, which is part of a strategy to foster growth and innovation in decentralized finance.
Challenging Competitors: The USDH stablecoin is designed to reduce reliance on existing competitors like USDC and USDT, potentially reshaping stablecoin usage within Hyperliquid and aligning with broader DeFi initiatives for ecosystem consolidation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
