Yearly Archives: 2021

Read more about the article “Trust is not an option – it’s a requirement” – Paxos Explains its Unique Approach to Pioneering a New Market

“Trust is not an option – it’s a requirement” – Paxos Explains its Unique Approach to Pioneering a New Market

At Paxos, our mission is to build the foundation for a financial system where all assets, from money to commodities to securities, can be digitized and moved securely and instantly. Cryptocurrencies and digital assets represent a “brave new world” in financial services. But just because something is new, does not mean it cannot be trusted. Paxos— a highly regulated financial institution with regulated product lines—was created to address this challenge head- on.

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ABN AMRO Clearing to Join Paxos Settlement Service for Settling US Securities Trades

Paxos Settlement Service has been actively settling listed US equity trades with pilot participants since launch in February 2020 NEW YORK, Sept. 20, 2021 /PRNewswire/ -- Paxos, the first regulated blockchain infrastructure platform,…

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Read more about the article Paxos Supports Interactive Brokers’ Journey into Crypto Markets

Paxos Supports Interactive Brokers’ Journey into Crypto Markets

In the last year, the interest in cryptocurrencies has exploded. Now, more than ever, people want access to this new asset class through their trusted intermediaries. Sophisticated investors see the value in diversifying portfolios by tapping into new technology.

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Read more about the article The Digital Dollar that Always Equals a Dollar – Paxos Standard (PAX) is now Pax Dollar (USDP)

The Digital Dollar that Always Equals a Dollar – Paxos Standard (PAX) is now Pax Dollar (USDP)

Paxos Standard (PAX) will now be known as Pax Dollar (USDP). The USDP ticker more easily identifies Pax Dollar as a US dollar-backed token. As use cases for stablecoins rapidly expand, the demand for a regulated USD token has grown significantly. Companies and consumers globally are entering crypto markets and need a safe, dollar-based solution. As USDP, everyone will be able to instantly recognize our token as a dollar-backed stablecoin.

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Read more about the article Licensing & Registration Are Not Equal to Regulation

Licensing & Registration Are Not Equal to Regulation

At Paxos, we believe the only way to establish and maintain safety and transparency for customers is through rigorous oversight from a prudential regulator. This thesis has unfortunately borne out in the reserve mix for both USDC and USDT (Tether). Both of these tokens’ reserves are backed by a significant amount of non-cash financial instruments. A prudential regulator is crucial to ensuring the integrity of products used in the crypto ecosystem, and neither USDC nor USDT has such a regulator.

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