Paxos Co-Founder: USDH to Become a Top 10 Asset, Paxos to Offer Global Regulatory Coverage

BlockBeats News, September 9th, at the "USDH Stablecoin Roundtable" hosted by Hyperliquid, Paxos Labs co-founder bhau stated that Paxos Labs is very suitable to collaborate with the Hyperliquid ecosystem. Paxos Labs has a team dedicated to Hyperliquid and has been developing on Hyperliquid since day one. At the same time, Paxos is one of the longest-standing compliant stablecoin issuers in the industry and is the only institution holding both a New York State Trust Charter issued by the New York Department of Financial Services and a federal charter from the OCC (Office of the Comptroller of the Currency). We believe that USDH will become an asset worth over 10 billion U.S. dollars, or even larger. Only federally regulated entities can issue assets worth over 10 billion U.S. dollars, which is not an easily obtained qualification. This is also a very important highlight of Paxos Labs. If a compliant global stablecoin is important to the community, Paxos is currently the only provider in the industry capable of achieving this.

BlockBeats previously reported that last Friday, Hyperliquid announced the launch of a "Hyperliquid-prioritized, Hyperliquid-aligned, and compliant U.S. dollar stablecoin" and reserved the USDH token code for this purpose. Subsequently, several stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have rapidly entered into the competition for the right to issue the USDH stablecoin.