PayPal, Venmo Join Paxos’ USDH Stablecoin Push

Paxos has bolstered its bid for a USDH stablecoin by partnering with PayPal and Venmo. The stablecoin issuer revealed the integration plans in an announcement on Wednesday. PayPal will list HYPE tokens, offer free on-ramp and off-ramp access to the USDH stablecoin, and integrate it into their payment app Venmo and money transfer service Xoom. The firm will also provide $20 million in incentives for the Hyperliquid ecosystem as a whole.