Paxos CEO Charles Cascarilla: Price action doesn’t mean cryptocurrencies’ fundamentals have changed

Cryptocurrency prices are known to fluctuate - it's a volatile and new asset class. That said, price changes are not indicative of the overall interest or adoption of crypto. On January 19, 2022 Paxos CEO and Co-Founder Charles Cascarilla sat down with CNBC's Squawk on the Street to discuss the market and how investors should consider evaluating its potential.

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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.

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