Paxos announces that if you win the USDH issuance rights, Kraken will launch USDH and HYPE

PANews reported on September 11 that stablecoin issuer Paxos tweeted that (if Paxos wins the USDH issuance right) Kraken has agreed to launch the stablecoins USDH (support 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. Paxos may publish this news to win the USDH proposal. Yesterday, Paxos announced the V2 version of USDH proposal, and PayPal and Venmo joined the ecosystem.