Paxos Labs co-founders expressed that they may have accepted the failure of the USDH bidding: hoping to participate and understand the stablecoin demand in the HyperLiquid ecosystem

ChainCatcher news, Paxos Labs co-founder bhau posted on the X platform, seemingly acknowledging the failure of the USDH bidding and thanking the community for their support. He stated that the initial purpose of proposing USDH was to directly engage and understand the Hyperliquid community's demand for ecological stablecoins. In just the past week, he has deepened his understanding of what truly matters. Although the proposal is currently locked, this is just the beginning of ongoing dialogue, and Paxos will continue to be a contributor to the ecosystem, with the goal not only to win governance votes but also to grow the ecosystem.

Paxos's official Twitter account posted on the X platform, stating that the validator voting for the USDH proposal may have already ended, and re-staking will be open until this Sunday. According to the latest USDH bidding data, Native Markets currently holds 70.31% of the staked share support, while Paxos Labs ranks second with 16.79% of the staked share support.