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.
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.
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.
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.
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 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.
On June 17, 2022, Paxos CEO & Co-Founder Charles Cascarilla joined CNBC’s David Faber and Carl Quintanilla to break down crypto markets. Listen to Charles’ perspective and why he think Paxos is well-positioned to succeed.
Paxos Trust Company LLC (“Paxos Trust”) is a regulated financial institution with a primary prudential regulator, which means that every aspect of our operations –
When I started my career in finance, one of the first realizations I had was that almost nothing was new. A “new” product in finance was almost always a resurrection of an old product or a retrofitting of an existing product to a new application. Truly new products were exceptionally rare.
In 2021, survey data revealed that only 15% of financial advisors were allocating crypto in client accounts. But 94% of financial advisors received questions about crypto from clients.
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From Forbes. © 2020 Forbes. All rights reserved. Used under license.
From Fortune. © 2020 Fortune Media IP Limited All rights reserved. Used under license.
From The New York Times. © 2015 The New York Times Company. All rights reserved. Used under license.
