Paxos Sees Interest in Digital Assets Growing Faster in Latin America Than Any Other Region

Paxos, the leading regulated blockchain infrastructure platform, published “What’s Driving the Immense Growth of Crypto in Latin America?”, a new white paper that delves into the consumer and market trends fueling adoption of digital assets in the region. Following the successful integration of crypto into numerous Latin American fintech apps like Mercado Libre, Nubank, PicPay and others, Paxos sought to understand the drivers behind the region’s robust embrace of cryptocurrency. Crypto usage in Latin America has increased by 1370% from 2019-2021, according to Chainalysis.

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PicPay Launches Exchange Service that Allows Users to Buy, Sell and Hold Cryptocurrency

PicPay, the leading payment app in Brazil, now allows its users  to buy, sell and hold cryptocurrencies, in its first foray into crypto and Web3 market. Today, PicPay launches its cryptocurrency exchange service, which will enable the trading with Bitcoin and Ethereum, the two main digital currencies in the world, as well as with USDP, the regulated US dollar-backed stablecoin from Paxos.

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Paxos Leads Digital Asset Industry by Becoming First Issuer to Disclose Full Monthly Reserve Holdings Backing USDP and BUSD Regulated Stablecoins

Paxos, the leading regulated blockchain infrastructure platform, has disclosed the specific financial instruments backing its regulated stablecoins USDP and BUSD. Moving forward, Paxos will provide these detailed disclosures on a monthly basis in addition to its attestations.

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Plynk Works with Paxos to Introduce Cryptocurrency Trading and Educational Resources

Plynk, an investment app for new investors, announced the launch of Plynk CryptoTM, allowing app users to trade and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and  Bitcoin Cash (BCH) via Paxos Trust Company beginning today.

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Paxos Applauds New York Department of Financial Services on New Guidance on the Issuance of U.S. Dollar-Backed Stablecoins

Paxos was the first Limited Purpose Chartered Trust for Digital Assets from NYDFS in 2015 NEW YORK – June 8, 2022 – Paxos, the leading regulated blockchain infrastructure platform, issued…

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PAXOS INTRODUCES THE PAXOS SETTLEMENT HUB FOR COMMODITIES MARKET PARTICIPANTS 

ding regulated blockchain infrastructure platform, has introduced the Paxos Settlement Hub for Commodities. This additional feature to the Paxos Settlement Service solution streamlines the settlement process to handle all settlements for market participants across gold, silver, platinum and palladium. This functionality allows for a centralized operational process for settlements with counterparties that are both on and off the Paxos network.

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PAXOS SECURES IN-PRINCIPLE APPROVAL FOR MAJOR PAYMENTS INSTITUTION LICENSE FROM THE MONETARY AUTHORITY OF SINGAPORE

Paxos is the first Blockchain Infrastructure Platform to Secure Regulatory Oversight in Key Financial Hubs of New York and Singapore NEW YORK & SINGAPORE - March 10, 2022 - Paxos,…

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Paxos Congratulates the Securities and Exchange Commission on its Proposal to Shorten Settlement Cycles

NEW YORK, February 16, 2022 - Paxos, the leading regulated blockchain infrastructure platform, issued the following statement in response to the US Securities and Exchange Commission’s (SEC) recent announcement: "Paxos…

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