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Meet Manek Shah, a Paxos Data Analyst based in Singapore
PayPal USD Helps Reduce Transaction Fees in Africa
The Digital Dollar that Always Equals a Dollar – Paxos Standard (PAX) is now Pax Dollar (USDP)
Paxos Standard (PAX) will now be known as Pax Dollar (USDP). The USDP ticker more easily identifies Pax Dollar as a US dollar-backed token. As use cases for stablecoins rapidly expand, the demand for a regulated USD token has grown significantly. Companies and consumers globally are entering crypto markets and need a safe, dollar-based solution. As USDP, everyone will be able to instantly recognize our token as a dollar-backed stablecoin.
Licensing & Registration Are Not Equal to Regulation
At Paxos, we believe the only way to establish and maintain safety and transparency for customers is through rigorous oversight from a prudential regulator. This thesis has unfortunately borne out in the reserve mix for both USDC and USDT (Tether). Both of these tokens’ reserves are backed by a significant amount of non-cash financial instruments. A prudential regulator is crucial to ensuring the integrity of products used in the crypto ecosystem, and neither USDC nor USDT has such a regulator.
A Regulated Stablecoin Means Having a Regulator
Paxos powers the only safe, regulated and liquid stablecoins that are always 100% backed 1:1 by US Dollars. Paxos has a primary regulator and is held to higher standards than other operators. Licensing and registration does not equal regulation.
Paxos CEO Charles Cascarilla at Bitcoin 2021
Paxos attended and sponsored the Bitcoin 2021 conference in Miami, which took place in early June. A wide swath of crypto-interested people attended – beyond retail investors, many financial services companies attended as well, all eager to learn more about the crypto space.
Paxos on Forbes FinTech 50
Paxos has been named to Forbes’ FinTech 50 list, which recognizes the most innovative, privately-held startups based in the US.
Building Infrastructure for One of the Fastest Growing Fintech Startups
In April, Paxos raised $300 million at a valuation of $2.4 billion in its series D investment round. As one of the fastest growing fintech
PAX Gold surpasses 125,000 tokens and $240 Million in Market Cap
It continues to break records and has expanded its leadership position as the largest, most liquid gold-backed digital token. Earlier this month, PAXG surpassed 125,000 tokens and reached a total market capitalization of nearly a quarter-billion dollars. That represents a more than 400% increase in total token supply in only a year’s time.
Why a Decade-Long Career in Investment Banking Sent me to the Crypto Industry
In 2021, Paxos will double the size of its team. We have a robust pipeline of sales opportunities and an ambitious product roadmap – these
Regulation Can Foster Innovation, It’s Just a Matter of Perspective
Many people think regulation suffocates innovation in well-established markets, but that’s not the belief at Paxos. When you’re trying to build a new product in an existing, complex market, regulation can actually foster innovation.
How Paxos is the Most Trusted Operator in Digital Asset Infrastructure
Trustworthiness is critical to our business success at Paxos. We believe that by becoming a trusted, regulated, audited infrastructure provider, we can offer the highest levels of safety, protection and security for our clients. We’ve spent years building this oversight and regulatory stack.
How Paxos Came to Be – Why Our Mission is to Build a New, Open Financial System
Paxos is building the foundation for a financial system where all assets, from money to commodities to securities, can be digitized and moved instantaneously. As the first regulated Trust company with blockchain expertise, we’re taking big, ambitious swings to make the financial system more open and inclusive—and to fix the legacy infrastructure that could exacerbate or even create the next financial crisis.
Women’s History Month: Paxos Highlights its Female Leaders
During Women’s History Month, Paxos celebrated some of its remarkable women driving impact across our company and products. These individuals have demonstrated strength, leadership, and
Is Crypto Right for Your Business? Observations Based on Experience from Paxos
Cryptocurrencies, or crypto, is a burgeoning, fast-paced and constantly evolving asset class. We witnessed companies that recently launched crypto services benefit from increases in top-line revenues, company valuation, user engagement, and customer retention. Before your business dives in to capture these advantages, we want to help answer some of the most commonly asked questions from companies inquiring about crypto. We hope this perspective can also help empower your company’s strategy moving forward.
Paxos is First Company to Secure SOC 2 Type 2 Certification Across Suite of Crypto Products and Services
Includes PAX Stablecoin, PAX Gold, Crypto Asset Custody and the itBit by Paxos Crypto Exchange Trustworthiness is a key pillar of Paxos, our products and
Fueling the Growth of Enterprise Blockchain Products
2020 was a year of uncertainty around the world, but Paxos has continued to grow and we have added 63 new team members. James Hartley,