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The Inevitability of Stablecoins Deserves Attention
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.
Clarifying Paxos’ Approach to Recent OFAC Sanctions
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.
How Paxos Works with PayPal to Build Innovative Crypto Products
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.
Banks vs. Trusts: Do You Know Where Your Assets Are?
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
Understanding Paxos’ Support of Ethereum’s Transition to Proof of Stake
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 Partners with Binance Learn & Earn to Educate Investors About Crypto
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.
Paxos Partners with PicPay to Power Access to Digital Assets for Brazilian Consumers
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.
It’s not either Stablecoins or CBDCs. It’s both.
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).
Learn How Mercado Libre Built Their Crypto Solution with Paxos
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.
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.
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.
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.
“We Don’t Want Financial Instability, We Want Financial Innovation”: Paxos CEO Charles Cascarilla on NY1
The current market environment has exposed that many of the blockchain-related developments of the last years are no different than the risky financial products of the past. Opaque leverage is to blame in many crypto crashes, just like it was to blame in the financial crisis of 2008.
New Report: What Today’s Retail Investors Think About Gold
Paxos surveyed 1,000 adults in the US, UK, Singapore and Germany who have purchased some form of gold – be it ETFs, physical bars, gold coins or tokenized gold in the past two years – to understand their attitudes about the market, their motivations, and their thoughts on the future.
Paxos Engineers Take Consensus!
Paxos Software Engineers, Liz Rodan and Aileen Huang, chose to use part of their L&D budget to attend Consensus, one of the largest events for crypto, investing, NFTs, DeFi, regulation, Web 3 and the metaverse in Austin, TX.