"Paxos announces that if it wins the USDH issuance rights, Kraken will list USDH and HYPE Stablecoin issuer Paxos tweeted that (if Paxos wins the USDH issuance rights) Kraken has agreed to list the Paxos-issued stablecoin USDH (with free USD deposits and withdrawals) and the HYPE token, with trading available on day one. Paxos stated that stablecoin issuance helps facilitate asset circulation, while distribution drives adoption. The listing plan is still subject to Kraken's standard review process. Paxos' announcement may be aimed at securing a win in the USDH proposal.