Getting Regulated Stablecoins to Institutions Seamlessly – Paxos Partners with Floating Point Group

We’re pleased to partner with Floating Point Group to streamline how financial institutions can get access to USDP and BUSD, the regulated stablecoins from Paxos. Floating Point Group is a cryptocurrency prime brokerage with an institutional trading desk and an advanced settlement platform.

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Transparency and Trust in Paxos-Issued Stablecoins

The most important features of any financial product are its clarity, certainty and transparency. These features define both its utility and its safety. In the case of stablecoins, users should know what they own and outside observers should have a window into the activities of any firm holding reserves. Paxos follows the NYDFS guidelines for portfolio management at all times.

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Paxos Takes Unprecedented Step to Increase Transparency in Stablecoin Industry – Introducing USDP & BUSD Monthly Reserves Holding Reports

I've spent a lot of time in the last three months talking, writing and educating about stablecoins. The main takeaway I’ve focused on is that stablecoins - as a financial product - are really nothing new.

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Understanding the Demise of UST and What Makes a Stablecoin Stable

Stablecoins are digital tokens backed by stable assets such as the US dollar, and were originally created for crypto investors to have an easy on- and off- ramp between fiat currencies and crypto. As stablecoin usage and market cap have increased, so has regulatory scrutiny. In particular, the reserve practices (or lack thereof) of various stablecoins have increasingly been in the spotlight - which brings us to the algorithmic stablecoin at the heart of the Terra ecosystem, UST.

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Paxos CEO Charles Cascarilla: Price action doesn’t mean cryptocurrencies’ fundamentals have changed

Cryptocurrency prices are known to fluctuate - it's a volatile and new asset class. That said, price changes are not indicative of the overall interest or adoption of crypto. On January 19, 2022 Paxos CEO and Co-Founder Charles Cascarilla sat down with CNBC's Squawk on the Street to discuss the market and how investors should consider evaluating its potential.

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Mercado Libre announces investments in Mercado Bitcoin and Paxos, references in cryptocurrencies digital assets management

Operation reinforces the company's presence in the crypto universe, boosting its development and adoption in the region. Paxos powers the Mercado Pago cryptocurrency transaction experience for its Brazilian users. MONTEVIDEO,…

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