Paxos Comments on PYUSD
On August 7, 2023, PayPal announced the launch of PYUSD, a US dollar-backed stablecoin issued by Paxos Trust Company. Paxos CEO and Co-Founder Charles Cascarilla had the following comment:
Focusing on our Enterprise Platform and Retiring Legacy itBit Services
Paxos is further streamlining the platform to focus service on our core enterprise clients. Starting August 30, 2023, we will deprecate retail services for users on the itBit Exchange whose accounts are inactive or have little to no balance.
Paxos Partners with Mercado Pago to Open Access to Pax Dollar (USDP) for Mexican Customers
Paxos, the regulated blockchain infrastructure platform for enterprises, and Mercado Libre’s Mercado Pago, Latin America’s leading online payments platform, have announced that Paxos’ regulated US dollar-backed stablecoin, Pax Dollar (USDP), will now be available to all Mercado Pago users in Mexico.
Paxos Settlement Service Delivers 300% ROI as Trading Volumes and Interest Rates Surge
NEW YORK & LONDON – JUNE 15 , 2023 – Paxos, the regulated blockchain infrastructure platform for enterprises, continues driving value for its commodities market clients through its Post-Trade and…
Paxos Offers Brazilian & Latin American Enterprises Safe, Regulated Access to Digital Assets
Paxos, the regulated blockchain infrastructure and tokenization platform for enterprises, continues driving the growth of digital assets in Brazil and broader Latin America through its partnerships with leading local, regional, and global enterprises.
Fierce Chooses Paxos to Power Digital Asset Buy, Sell & Hold Capabilities
NEW YORK – MAY 4, 2023 – Paxos, the regulated blockchain infrastructure platform for enterprises, and Fierce, the innovative financial super app that empowers individuals to leverage the best of…
Paxos Debuts Whitepaper – “How the Crypto Winter May Help Save the Digital Asset Economy”
Paxos, the regulated blockchain infrastructure platform, has launched its How the Crypto Winter May Help Save the Digital Asset Economy whitepaper. Bringing together insights from Paxos’ leadership team and insiders from cryptocurrency market data provider Kaiko, How the Crypto Winter May Help Save the Digital Asset Economy provides a look under the hood of the crypto industry following historic disruptions at the close of 2022 and beginning of 2023.
Paxos Infrastructure Powers More Than Ten Million Active Digital Wallets Globally
Paxos, the regulated blockchain and tokenization infrastructure platform, crossed ten million active end user digital wallets globally. Despite widespread market uncertainty, Paxos has demonstrated clear growth through customer-backed support.
Paxos Manages the Safe Redemption of $7.9B BUSD in One Month Without Market Disruption
Speedy and Safe Redemptions Demonstrate Power of Primary Prudential Regulation for Stablecoins NEW YORK - March 17, 2023 - Paxos, the leading regulated blockchain and tokenization infrastructure platform, has facilitated…
Paxos Finds Consumer Confidence in Digital Assets Remains Strong
Consumer Confidence in Crypto Remains Strong in the Wake of Turbulent 2022
Paxos partnered with research firm Pollfish to survey more than 5,000 respondents via an online survey between January 5, 2023 and January 6, 2023. They were required to live in the U.S., be 18 years of age or older, and have total household income greater than $50,000. They were also required to have a bank account and must have purchased cryptocurrency in the last three years.
Update from Paxos CEO & Co-Founder Charles Cascarilla
On Saturday, February 18, Paxos CEO & Co-Founder Charles Cascarilla shared the following message with the Paxos team.
