Paxos announces USDH and HYPE to be launched in Kraken

PANews reported on September 11 that stablecoin issuer Paxos tweeted that Kraken has agreed to launch the USDH (supports free USD deposits and withdrawals) and HYPE tokens issued by Paxos, and will be open for trading on the first day. Paxos said stablecoin issuance helps asset circulation, while distribution drives adoption. The launch plan still needs to pass the Kraken regular review process.