On August 7, 2023, PayPal announced the launch of PYUSD, a US dollar-backed stablecoin issued by Paxos Trust Company. Paxos CEO and Co-Founder Charles Cascarilla had the following comment:
Paxos is further streamlining the platform to focus service on our core enterprise clients. Starting August 30, 2023, we will deprecate retail services for users on the itBit Exchange whose accounts are inactive or have little to no balance.
Paxos, the regulated blockchain infrastructure platform for enterprises, and Mercado Libre’s Mercado Pago, Latin America’s leading online payments platform, have announced that Paxos’ regulated US dollar-backed stablecoin, Pax Dollar (USDP), will now be available to all Mercado Pago users in Mexico.
NEW YORK & LONDON – JUNE 15 , 2023 – Paxos, the regulated blockchain infrastructure platform for enterprises, continues driving value for its commodities market clients through its Post-Trade and…
Paxos, the regulated blockchain infrastructure and tokenization platform for enterprises, continues driving the growth of digital assets in Brazil and broader Latin America through its partnerships with leading local, regional, and global enterprises.