When the year began, the digital asset industry was firmly in the grips of a crypto winter. Some are hoping that a thaw may start to set in, as digital finance, blockchain technology and stablecoins are making positive news again.

Paxos is proud to have played a major role in providing industry momentum in 2023. Our mission to enable the instant movement of any asset to anyone in a trustworthy way has never been more crucial, especially as legacy systems get another year older. The significance of Paxos having a prudential regulator is helping to build trust in an industry where it was difficult to find. And our launch of PYUSD, PayPal’s new stablecoin, was a seminal moment in the industry, marking the first US dollar-backed stablecoin launched by a global payments company and a household brand.

As the team at Paxos surpassed these significant milestones, the past year showed us a glimpse of the future of finance. Here are just some of Paxos’ highlights from 2023: