Author: Paxos

Decentralized finance, or DeFi, has emerged as one of the most innovative and transformative areas in the financial technology sector.

Today’s blockchain industry is more nuanced than the “public vs. private” binary. It encompasses a spectrum of solutions, each with unique advantages and considerations.

A key reason for stablecoin’s surge in global popularity is its stability. Trust is intrinsic to that stability — users must know that a stablecoin will maintain its peg.

Global adoption of digital assets is still in its initial phases. Yet, in 2024, financial enterprises are progressing from initial interest in digital assets to considering them integral to their business strategy.

Yellow Card was the first fintech in Africa to list PayPal USD (PYUSD). Yellow Card is the largest licensed stablecoin on-and-off ramp for 20 countries in Africa, making it easy to access currencies like USD via stablecoins like PYUSD.

Last month, Paxos announced it adopted Chainlink’s PayPal USD (PYUSD) price feed, allowing users to view highly accurate, reliable and decentralized market data for PYUSD on the blockchain.

PayPal USD (PYUSD) launched just six months ago, and it has already become one of the fastest growing stablecoins ever, having gained global market traction with huge growth in market cap as exchanges, wallets, fintechs and more add PYUSD to their platforms.

Paxos has achieved yet another industry first by integrating its stablecoin USDP onto the Solana blockchain.  It makes Paxos’ platform the first and only multi-chain, multi-jurisdictionstablecoin platform.