This has been a year of growth and progress for Paxos. Recently, we launched our biggest and most significant product to date – PayPal USD (PYUSD). This transformative stablecoin, which is now available on Venmo in addition to PayPal, combines the trustworthiness of Paxos’ infrastructure with PayPal’s reputation and international reach. We also expanded our access in Brazil and Latin America by offering our safe and trusted products to millions of users. In addition, we’ve bolstered our compliance efforts and hired top talent with proven experience in digital assets, traditional finance, and government sectors.
Paxos is proud to share a new campaign, “Paxos Makes it Possible”, representing a significant investment in Paxos, its vision, and our future. This campaign introduces Paxos as the leading B2B blockchain infrastructure platform and highlights its products, including PYUSD, to a global audience. It highlights Paxos’ products to enterprises with a focus on a few dimensions:
- Paxos’ regulation-first approach
- Ease of implementation for enterprises
- Our experience with the world’s largest financial institutions
Check out the video below.
This roll out builds on the successful launch of PYUSD, which has reached a $150M market cap in 2 months since its launch. In addition to PYUSD, Paxos recently celebrated the five year anniversary of issuing stablecoins with more than $120B stablecoins both issued and redeemed. Paxos has built a reputation as being permission-first – and we’re leading the blockchain industry as a result.
Walter Hessert, Paxos Head of Strategy, commented: “Paxos is the premier blockchain infrastructure platform. We are proud of our relationships with major enterprises like Mastercard, PayPal, Nubank and Mercado Libre and even more proud of the unmatched customer security we offer. This campaign represents a milestone for Paxos and this effort will spread the mission of Paxos globally.”