Paxos Expands to the Solana Blockchain
Paxos, the leading regulated blockchain & tokenization infrastructure platform, is pleased to announce a strategic expansion of its stablecoin issuance to the Solana blockchain platform.
Paxos Regulated Stablecoin Platform Reaches Five-Year Milestone, Has Issued $120B+ in Stablecoins
Paxos, the leading provider of blockchain infrastructure for enterprises, celebrates the five-year anniversary of its regulated stablecoin platform. Over the past five years, the company has issued and redeemed more than $120 billion in USD-backed stablecoins across its offerings while setting the market standard for regulatory oversight.
PayPal Launches US Dollar-Backed Stablecoin
PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, short-term U.S. treasuries and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars SAN JOSE, Calif., Aug. 7, 2023 /PRNewswire/…
Paxos Comments on PYUSD
On August 7, 2023, PayPal announced the launch of PYUSD, a US dollar-backed stablecoin issued by Paxos Trust Company. Paxos CEO and Co-Founder Charles Cascarilla had the following comment:
Paxos Partners with Mercado Pago to Open Access to Pax Dollar (USDP) for Mexican Customers
Paxos, the regulated blockchain infrastructure platform for enterprises, and Mercado Libre’s Mercado Pago, Latin America’s leading online payments platform, have announced that Paxos’ regulated US dollar-backed stablecoin, Pax Dollar (USDP), will now be available to all Mercado Pago users in Mexico.
Paxos Responds to Financial Stability Board’s Recommendations of the Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements
On December 15, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best to safely oversee a global, fiat-backed stablecoin and its issuer.
Paxos Risk & Liquidity Management Programs Protect Customers During Market Volatility
On December 13, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, demonstrated how our prudentially regulated operational and liquidity risk management programs respond to heightened market activity and seamlessly delivered requested customer funds.
A Statement from Paxos on Recent Market Events and Volatility
Earlier today, Paxos sent the following update to its customers. The crypto industry is currently facing a tumultuous period. Amidst the ambiguity and turmoil, we want to provide transparency and…
Rise in Stablecoin Use Inspires Greater Financial Connectivity
As financial leaders around the world look to fortify business models with an eye toward future innovations, many are turning their attention towards digital assets and crypto markets.
Paxos Sees Interest in Digital Assets Growing Faster in Latin America Than Any Other Region
Paxos, the leading regulated blockchain infrastructure platform, published “What’s Driving the Immense Growth of Crypto in Latin America?”, a new white paper that delves into the consumer and market trends fueling adoption of digital assets in the region. Following the successful integration of crypto into numerous Latin American fintech apps like Mercado Libre, Nubank, PicPay and others, Paxos sought to understand the drivers behind the region’s robust embrace of cryptocurrency. Crypto usage in Latin America has increased by 1370% from 2019-2021, according to Chainalysis.
Getting Regulated Stablecoins to Institutions Seamlessly – Paxos Partners with Floating Point Group
We’re pleased to partner with Floating Point Group to streamline how financial institutions can get access to USDP and BUSD, the regulated stablecoins from Paxos. Floating Point Group is a cryptocurrency prime brokerage with an institutional trading desk and an advanced settlement platform.
The Inevitability of Stablecoins Deserves Attention
In a previous post, my colleague presented a view of the near future, when stablecoins and central bank digital currencies (CBDCs) are ubiquitous in the financial sector and where they enjoy extensive acceptance across all markets.
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