Paxos Proposes USDH Stablecoin That Could Funnel Yield Into Hyperliquid’s HYPE Buybacks

USDH stablecoin is a Paxos-proposed, fully compliant stablecoin built for Hyperliquid; it routes 95% of reserve yield to buy back HYPE tokens, aiming to align incentives, attract institutions via HyperEVM/HyperCore