According to TechFlame, on September 12, Bhau, co-founder of Paxos Labs, posted an article on the X platform suspected of accepting the failure of the USDH bid and thanked the community for support. He said that when he first proposed the USDH proposal, the purpose was to directly participate in and understand the Hyperliquid community's demand for ecological stablecoins. Although the proposal is currently locked down, this is only the beginning of an ongoing conversation. Paxos will also continue to be a contributor and goal of the ecosystem It's not just about winning a governance vote

, but also about expanding the ecosystem.

Paxos's official tweet posted an article on the X platform saying that the validator voting on the USDH proposal may have ended, and the pledge will be open until this Sunday. According to the latest USDH bidding data, Native Markets currently has 70.31% pledge share support, and Paxos Labs is in second place to receive 16.79% pledge share support.