Paxos has updated the USDH proposal v2, which will collaborate with PayPal and receive a $20 million incentive from the PayPal ecosystem.

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On September 10, stablecoin issuer Paxos updated the USDH proposal to version 2, which includes three upgrades: First, a partnership with PayPal, HYPE will launch on PayPal/Venmo (subject to regulatory approval), providing free USDH deposits and withdrawals, a $20 million ecosystem incentive, and global payment integration between Checkout, Braintree, Venmo, Hyperwallet, and Xoom; Second, a clear AF-first incentive structure, where Paxos can only earn after reaching the TVL milestone, capped at 5%, and all fees will be charged in HYPE Token; Third, Paxos can legally issue stablecoins in Europe, ensuring USDH can expand globally in full Compliance.

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