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There are many theories as to when blockchain technology and crypto potentially become as familiar to us as ATMs and credit cards.
As DeFi and cryptocurrency markets continue to inch their way toward the mainstream financial system, the tokenization of real-world assets and other financial instruments has emerged as one of the hottest trends.
In a previous post, my colleague presented a view of the near future, when stablecoins and central bank digital currencies (CBDCs) are ubiquitous in the financial sector and where they enjoy extensive acceptance across all markets.
This week, a blog post created some confusion around how Paxos approaches sanctions and the recent market activity around Tornado Cash. We’d like to provide some clarity.
In 2020, PayPal launched the ability for its US users to buy, hold and sell cryptocurrency. Powered by Paxos’ crypto brokerage platform, PayPal has since added Checkout with Crypto, brought its crypto services to the U.K., and now allows consumers to transfer crypto on or off the PayPal ecosystem.
When it comes to the potential of crypto, some see it as a futuristic concept that’s going to transform the financial landscape. Yet despite accelerating
Paxos is a foundational contributor to the fast-growing, mainstream adoption of digital assets. To achieve our mission of creating an open, digital economy, Paxos utilizes Ethereum, a decentralized, open-source blockchain with smart contract capabilities.
Paxos is thrilled to announce our partnership with Binance Academy: Learn & Earn! As the world of crypto becomes more complex, we’ve partnered with Binance Academy to develop curricula to educate everyone from individuals to institutions on the transformative potential of cryptocurrency and blockchain technology.
Digital assets are on course to revolutionize the consumer payments landscape by making financial markets global, accessible, instantaneous and available 24/7. The promise of this asset class and technology is significant, but the shift to a tokenized economy will not take place overnight.
In the last year, stablecoins have exploded to a total market capitalization of $160 billion at heights. Simultaneously, central banks around the world are beginning to research and test the potential for central bank digital currencies (CBDCs).
As Latin America’s leading e-commerce technology company, Mercado Libre is focused on democratizing access to commerce and financial services in a region with a high percentage of underbanked individuals.
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.
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.
Recently, Paxos hosted a panel discussion and live Q&A on how our products are redefining financial infrastructure and how important our product managers are to that mission. During this event, Paxos CEO Charles Cascarilla and our product managers shared how they’re delivering for our partners – and evolving the financial system to serve more people around the world.
Don’t Let Market Volatility & Headlines Dissuade You – Web 3.0 is Still the Most Exciting Space and Presents the Biggest Opportunity
Paxos is a regulated blockchain infrastructure provider and we’re focused on building the platform that will power the future of finance. We’re committed to continuing to grow our team, with most hiring efforts focused in the Product and Engineering functions.