Paxos, the first regulated blockchain infrastructure platform, today announced it has added strategic investors including Bank of America, Coinbase Ventures, Founders Fund and FTX to its Series D round of funding.
On Jul 22, 2021, Paxos hosted a master class session where leaders across the company outlined the key considerations every decision-maker needs to know before jumping into this exciting new sector.
Paxos, the first regulated blockchain infrastructure platform, today announced it has launched the Paxos Settlement Service for commodities. Paxos now facilitates the simultaneous settlement of cash and commodities trades, a first in the precious metals market.
Paxos powers the only safe, regulated and liquid stablecoins that are always 100% backed 1:1 by US Dollars. Paxos has a primary regulator and is held to higher standards than other operators. Licensing and registration does not equal regulation.
Binance USD (BUSD) was launched in September 2019. BUSD has reached the $10 billion milestone, ranking 10th in the entire crypto market and 3rd among stablecoins by market cap, making it the fastest growing stablecoin in the space. BUSD was created in partnership between Binance and Paxos, aimed at combining the trust of the Paxos platform with the utilization opportunities of Binance and the greater crypto ecosystem.
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