In today's evolving financial landscape, digital assets have transcended niche markets to become a global phenomenon. Digital asset adoption and use may vary from nation to nation, but millions of people already understand their value.
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…
Surprisingly to some, the list of use cases for stablecoins has exploded during a market downturn, further engendering their use to fintechs, payment companies, institutional banks and investment firms.
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.