Blog – News & Stories

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.

For years, early crypto and blockchain evangelists touted the benefits of blockchain as a way toward increased transparency, accessibility and efficiency within the financial system.

In today’s evolving financial landscape, digital assets have transcended niche markets to become a global phenomenon. Digital asset adoption and use may vary from nation to nation, but millions of people already understand their value.

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.

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.

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.

As the leading regulated blockchain infrastructure provider, we serve some of the largest enterprises in the world, power wallets for more than 400 million end users and enable tokenized settlement worth hundreds of billions of dollars. The introduction of PayPal USD (“PYUSD”) makes Paxos the global leader in tokenization.

In the world of consumer finance, product success is a consequence of how easily customers can both use and take advantage of your product. Many companies are finding it increasingly important—as well as challenging—to retain their customers and cultivate both lasting relationships and customer loyalty.

The advent of blockchain technology and its diverse applications, including stablecoins and tokenization, has garnered substantial traction in recent years.

The arrival of digital assets in global markets has brought about unprecedented opportunities for decentralization, security, and the potential to help develop new markets.

Paxos’ pioneering stablecoin, USDP, provides an innovative contemporary solution by enabling regulated, seamless access to the esteemed US dollar.

Traditional payment rails, including credit cards and wire transfers, have long served as the backbone of the financial ecosystem. However, institutions and markets are now revising these methods to keep up with the digital landscape.