Paxos Labs has released a revamped proposal to issue Hyperliquid’s forthcoming USDH stablecoin, putting forward a global strategy that includes a major integration with PayPal. Key Takeaways: Paxos plans to integrate USDH with PayPal and Venmo, enabling seamless payments and zero-cost on/off-ramps. All revenue from USDH will be reinvested until $1B TVL, with Paxos capping its share at 5$5B. Paxos faces strong competition from Frax, Agora, LayerZero, and others, as Hyperliquid validators ...