Big move for @HyperliquidX! @Paxos has proposed USDH: a Hyperliquid-first stablecoin, fully MiCA + US-compliant. 95% of yield from reserves would auto-funnel into $HYPE buybacks, rewarding users, validators & builders. Hyperliquid already clears ~$400B monthly, owning 70% of the decentralized perps market. With Paxos’ 70+ institutional partners (PayPal, Venmo, MercadoLibre) plugging in, USDH could turn buybacks into structural reflexivity at scale. Will this be the unlock that cements $HYPE as DeFi’s liquidity benchmark?