Paxos Labs co-founders publish a statement suggesting they will accept the USDH bidding results: they hope to participate and understand the demand for stablecoins in the HyperLiquid ecosystem.

Paxos Labs co-founder bhau posted on the X platform, seemingly accepting the USDH bid results and thanking the community for their support. He stated that when he initially proposed USDH, his goal was to directly engage with and understand the Hyperliquid community's needs for a stablecoin. Over the past week, he has deepened his understanding of what truly matters. While the proposal is currently locked, this is just the beginning of an ongoing dialogue. Paxos will continue to be a contributor to the ecosystem, aiming not only to win governance votes but also to expand the ecosystem. According to a Paxos official Twitter account posted on the X platform, validator voting for the USDH proposal may have concluded, with re-staking open until this Sunday. The latest USDH bidding data shows Native Markets currently holds 70.31% of the staked share, with Paxos Labs in second place at 16.79%.