Kraken to List USDH from Day One with Paxos Bidding for Stablecoin Contract

Kraken has agreed to list USDH and Hyperliquid’s HYPE token upon launch, if Paxos secures the contract for the stablecoin. This move would position Paxos as a major player in the Stablecoin market, allowing it to integrate its USDH on Hyperledger with ease. A key factor is the free USD on/off ramps offered by Kraken, which promises to further expand access for users worldwide. The listing is pending final approval from Kraken. Paxos announced the agreement on September 11th in a tweet and provided additional context on their proposal that would see Hyperliquid’s USDH stablecoin listed on Kraken.

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