Blog

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.

Since 2000, Brazil’s standing as a global economic power has risen steadily, with its GDP growing from $655B in 2000 to estimates north of $2T for 2023.

The digital asset industry has seen its share of failure and uncertainty over the last 18 months, sowing doubt in public perceptions around crypto, forcing the hand of regulators and muting the ecosystem’s overall growth.

From day one, Paxos’ approach to transparency has been to lead the industry and then evolve from there. We work with regulators to define what transparency means and how it looks. Most importantly, we continue to enhance transparency at every turn.

The European Union (EU) recently enacted the Markets in Crypto-Assets Regulation (MiCA) to demonstrate its commitment to fostering financial stability and safeguarding consumer interests. This legislation establishes a comprehensive and robust legal framework for regulating cryptocurrencies and other digital assets within the EU.

Paxos CEO Charles Cascarilla took part in a fireside chat with host Anish Shivdasani titled “The Potential for Tokenisation to Revolutionize Financial Services,” in which he summarizes his vision for the digital asset economy of the future.

Whether you’re working in traditional finance or blockchain, the fundamentals of a strong compliance program are the same. As you look to join (or continue to build in) the digital asset ecosystem, understanding the role of compliance in managing digital assets is key to protecting consumers and building safe, transparent products.

The potential and proliferation of superapps has heralded a significant transformation in how end users can engage with financial services. Superapp use is not a futuristic reality, in fact, in some parts of the world, it’s the norm.

Trade finance is an integral part of global commerce, providing the necessary funding, insurance and risk management services to facilitate international trade. However, traditional trade finance is plagued by issues such as high costs and opacity. 

While still early in the adoption phases within a historically conservative industry like banking, blockchain technology is already used in enterprise functions – from storing data across registries to tracking consumer goods shipped from around the globe.