Blog – News & Stories

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.

Blockchain, once overlooked in the shadow of cryptocurrency, is now a powerhouse player in its own right with implications far beyond the financial sector.

Asset security is crucial in digital finance, serving as a cornerstone for long-term trust and transparency.

Cyclical market downturns are a part of basic economic theory. Though we may not like their immediate impacts, we also know that bull markets have historically followed. Understanding this begs the question – what can we glean from the current crypto winter that will help us all build for the next bull cycle?

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

Since Ben Gray joined Paxos as General Counsel in early 2022, he has seen significant market events that helped Paxos emerge stronger, more resilient and poised for continued success.

In our recently published 2023 Enterprise Digital Asset Adoption Survey report, 99% of all financial services companies said they are pursuing a blockchain solution. 

As PayPal USD (PYUSD) continues its path toward global adoption and growth, we are excited to feature another Paxos partner, CiNKO, which is revolutionizing access to money and accelerating the adoption of digital financial services across Latin America and the Caribbean.

Money 20/20, a popular global event in the financial technology industry, earned its reputation as a premier platform for exploring groundbreaking concepts and advancements toward the future of finance.

Last month, MultiMoney listed PYUSD, PayPal’s new stablecoin issued by Paxos, in their MultiMoney app in Costa Rica.

Navigating a New Financial Infrastructure, the latest episode of the American Banker’s podcast series, features Richard Rosenthal, Principal, Deloitte & Touche LLP and Walter Hessert, Head of Strategy, Paxos, discussing the benefits of digital assets and the future of finance.

Mastercard and Paxos have a history of successful partnerships, so when executives from both companies recently teamed up for an episode of Breaking Banks, the #1 global fintech radio show and podcast hosted by Brett King, industry experts were listening.