Stablecoins Are Key to the Future of Finance
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.
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.
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.
As the most regulated blockchain infrastructure platform, Paxos was founded on the principles of consumer protection and oversight. We constantly evaluate and update our compliance program to ensure it is well-positioned to respond to shifting market conditions.
We are the Blockchain Team at Paxos. We want to decide what communication layer to use for our new microservice infrastructure.