Custody ArrangementsIn accordance with regulation 16C of the Payment Services Regulations made by the Monetary Authority of Singapore, Paxos Global is required to safeguard assets (including digital payment tokens) belonging…
Memory leaks are a common problem in software development, and they can happen for various reasons. At Paxos, we’ve had several memory leaks over the years in our various services.
**The following news update was issued by PayPal and can be found in their Newsroom.** PayPal USD (PYUSD), PayPal’s on-chain, regulated, dollar-denominated stablecoin 100% backed by U.S. dollar deposits, short-term…
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.
For over a decade, Paxos CEO Charles Cascarilla has been executing on his vision of building financial market infrastructure that underpins a more transparent, secure and open financial system. Along the way, Charles has seen bad actors come and go and two crypto winters, but these events only emboldened his vision.
Despite the lasting impacts of a crypto winter, it’s clear that the financial services industry recognizes blockchain and digital asset technology as powerful tools for the future of finance.
The landscape of technological innovation is at a critical juncture, experiencing a paradigm shift that could fundamentally change the trajectory of the financial sector.
Global remittances play a significant role in the global economy, serving as a vital lifeline for millions of families and communities worldwide. Remittances can be broadly defined as any money sent from one party to another, whether the parties be individuals, companies or countries.