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USDP Chosen for Novi Pilot

 

 
 
 

Paxos Master Class | Stablecoins 101

Allison Whaley 1月 20, 2022

On December 14 2021, Paxos hosted a master class on stablecoins to share the key information businesses need to know about stablecoins and how they’ll impact the future of finance.

Same-Day Settlement: A Misunderstood Opportunity

Greg Lee 12月 17, 2021

This conflation in many people’s minds of T+0, Real-Time Gross Settlement (RTGS), and atomic settlement demonstrates just how misunderstood this topic really is. To be clear, T+0 simply means settlement on the same day as the trade, RTGS means settlement at the time of trading, and atomic settlement is the transfer of securities against cash (ie: delivery vs payment) at any settlement time. All of these should be embraced as opportunities that can create efficiencies, cut costs and protect our system from future market failures. 

Introducing Prex Crypto, Powered By Paxos

Lillie Ratliff 11月 29, 2021

We’re proud to share that Prex – a leading Latin American digital banking platform providing financial products and services – will soon offer cryptocurrency buying, selling and holding capabilities for their 700,000 Uruguayan customers, with additional markets coming in 2022.

Crypto 101: What is Crypto Custody?

Nick Robnett 11月 17, 2021

Custody is a commonly used term in financial services and refers to the holding and safekeeping of assets, such as dollars or gold. Crypto custody is about holding cryptographic keys (which you can think of as passwords that unlock crypto wallets), and is typically handled through “cold” or “hot” wallets.  

Crypto-Curious? Your Business Can Benefit

Allison Whaley 11月 11, 2021

In one year alone, the size of the crypto market has grown 537%. You’d be hard pressed to find another market that has grown so quickly and has captured the attention of both retail and institutional investors. 

Crypto 101: What is Bitcoin?

Josh Weinberg 11月 9, 2021

Last last night, on November 8, 2021, Bitcoin hit an all-time price high of $68,521. In the very short span of 12 years, Bitcoin has entered the world and become one of the most attractive assets as a store of value. But what actually is Bitcoin? Let’s take a moment to review!

Paxos at Money20/20 in 2021

Allison Whaley 11月 1, 2021

October 2021 marked the first time Paxos hosted a booth Money20/20 USA – the preeminent conference that brings leaders from financial institutions and technology providers to Las Vegas in order to learn more about what the future of fintech holds.

USDP Chosen for Novi Pilot

Walter Hessert 10月 19, 2021

USDP, Paxos’ leading regulated stablecoin backed 100% by cash and cash equivalents, is the inaugural stablecoin available in Facebook’s pilot of the Novi digital wallet launched today. This news represents a tide shift in digital assets, as it’s the first time that stablecoins are readily available in a consumer wallet outside of the crypto ecosystem. 

Adding Crypto to Your App? Here’s What You Need to Know

Allison Whaley 10月 13, 2021

Paxos has been working in crypto since the early days. We built the first institutional Bitcoin exchange and we’ve been growing our regulated product capabilities ever since. We’re building the regulated financial market infrastructure that multinational enterprises with billions in customer assets and global reputations to protect rely upon. We’re seasoned crypto experts and  help partners navigate the complexity of jumping into crypto markets. 

How much is too much? The usual answer: “What’s it worth to you?”

Charles Cascarilla 10月 12, 2021

Everything is energy, including money, which is just a fungible form of energy. If energy is the ability to do work, money is the fungible ability to make like-for-like decisions about whether to consume energy today or defer consumption by investing that energy.

“Trust is not an option – it’s a requirement” – Paxos Explains its Unique Approach to Pioneering a New Market

Dan Burstein 9月 30, 2021

At Paxos, our mission is to build the foundation for a financial system where all assets, from money to commodities to securities, can be digitized and moved securely and instantly. Cryptocurrencies and digital assets represent a “brave new world” in financial services. But just because something is new, does not mean it cannot be trusted. Paxos— a highly regulated financial institution with regulated product lines—was created to address this challenge head- on.

Crypto 101: What is Blockchain Technology?

Brent Perreault 9月 29, 2021

Blockchain is a distributed, digital, public ledger that can record transactions and track the movement of assets between parties without a central clearing authority.

Paxos Supports Interactive Brokers’ Journey into Crypto Markets

Walter Hessert 9月 13, 2021

In the last year, the interest in cryptocurrencies has exploded. Now, more than ever, people want access to this new asset class through their trusted intermediaries. Sophisticated investors see the value in diversifying portfolios by tapping into new technology.

The Digital Dollar that Always Equals a Dollar – Paxos Standard (PAX) is now Pax Dollar (USDP)

Walter Hessert 8月 24, 2021

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

Dan Burstein 8月 6, 2021

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

Dan Burstein 7月 21, 2021

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.

Binance USD (BUSD) Reaches $10 Billion in Market Capitalization

Rich Teo 7月 9, 2021

Binance USD (BUSD) was launched in September 2019. BUSD has reached the $10 billion milestone, ranking 10th in the entire crypto market and 3rd among stablecoins by market cap, making it the fastest growing stablecoin in the space. BUSD was created in partnership between Binance and Paxos, aimed at combining the trust of the Paxos platform with the utilization opportunities of Binance and the greater crypto ecosystem.

Paxos CEO Charles Cascarilla at Bitcoin 2021

Allison Whaley 6月 19, 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.

PAX Gold surpasses 125,000 tokens and $240 Million in Market Cap

Carl Vogel 5月 25, 2021

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.

The Five Attributes of Money, Part II: Openness, the Attribute that Matters Most

Charles Cascarilla 4月 22, 2021

Of the five main attributes of money, openness is the most important one because it dictates the limit on how many participants comprise the network and therefore how much utility that network can serve. Today’s modern fiat banking system is the dominant system, yet it is still closed to billions of people around the world. Society stands to gain advantages in access, autonomy, privacy, greater innovation and lower fee structures with a more open system system.

trust

How Paxos is the Most Trusted Operator in Digital Asset Infrastructure

Dan Burstein 4月 1, 2021

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 3月 31, 2021

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.

Simple Multisig: How it Works and Why It’s Awesome

Brent Perreault 3月 23, 2021

Blockchain technology is about combining fundamental cryptographic primitives to build useful, trusted features like transfers and asset issuance. Defining a secure signing scheme for multi-signature

Is Crypto Right for Your Business? Observations Based on Experience from Paxos

Hong Sun 3月 11, 2021

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.

How Financial Firms are Integrating Crypto

Dorothy Chang 1月 28, 2021

Paxos hosted a virtual Master Class, “How Financial Firms are Integrating Crypto Offerings.” This was part of our Blockchain Impact series and was tailored for professionals seeking details on applying crypto solutions and blockchain tech to current and future products. Leaders from Paxos discussed the current state of crypto adoption in mainstream finance, the potential impact crypto can have on revenues and the fundamentals of enabling crypto.

Paxos in 2020

Paxos in 2020 – A Year in Review

Dorothy Chang 12月 17, 2020

This year, we helped bring crypto to hundreds of millions of users. We’re building financial market infrastructure for an open, digital economy. We closed out 2020 announcing that we raised $142 million in Series C funding, but we also hit many milestones along the way.

The System for Clearing and Settling Equities Is Antiquated. This Is About to Change.

Charles Cascarilla 9月 21, 2020

Paxos is upgrading clearing and settlement to meet the speed and efficiency of trading. Starting in the US with Street-side US equities settlement, Paxos has built a platform designed to alleviate market participants’ core concerns with the legacy infrastructure they rely upon today. Our solution, Paxos Settlement Service, is built with the latest technology and modern thinking about how financial infrastructure should operate.

The 5 Attributes of Money, Part I: What Makes Money Money

Charles Cascarilla 8月 17, 2020

Ultimately, money is a very specific form of asset ledger that serves as a means of payment. The money ledger is foundational to a capitalist financial system as the unit of account that everything in the economy is denominated against and from which intertemporal decisions are made.

At One Year Old, HUSD Issuance Passes $1.6 Billion

Zach Kwartler 7月 30, 2020

One year ago, Paxos partnered with Stable Universal and Huobi to launch a US dollar-backed stablecoin: HUSD. In that time, there have been more than $1.6 billion tokens issued and more than $3 billion worth of transactions processed.

Paxos Crypto Brokerage logo

Paxos + Revolut Bring Crypto to the Masses

Charles Cascarilla 7月 15, 2020

Lately, more and more mainstream consumer applications are adding digital assets to their offerings – from Square’s Cash app to Robinhood to Facebook’s Novi. We’re

Our Approach to Product Management

Charles Cascarilla 6月 10, 2020

We’re a nimble, innovative company pursuing an ambitious mission to bring technology and product innovation to the regulated financial services industry by building the bridge to an open, decentralized financial system.

Share PAX Gold Facts and Win Gold

Paxos 5月 29, 2020

To show our appreciation to customers, Paxos is running a $1000 PAX Gold giveaway on Twitter. Twitter users can participate by tweeting one accurate fact

Building the Future of Finance in 2020

Dorothy Chang 1月 6, 2020

2019 was a monster year for Paxos. We launched more products this year than in our entire history combined, we more than doubled the circulation

PAX Turns One!

Dorothy Chang 9月 10, 2019

A year ago today, Paxos Trust Company launched the Paxos Standard (PAX) stablecoin, the world’s first regulated crypto-asset fully collateralized 1:1 by the U.S. Dollar.

Istio Mesh Expansion on AWS

Sri Gumdelli 6月 26, 2019

By Srinivas Gumdelli & Nathan Typanski Migrations to Kubernetes are inherently messy. While progress has been made in recent years with StatefulSet and persistent volumes,

Growing Demand for PAX around the World

Dorothy Chang 4月 30, 2019

It’s been a big week for Paxos and our PaxosStandard (PAX) stablecoin! Over the past week, the market cap of PAX has increased nearly 50%.

Unveiling the New Paxos.com

Dorothy Chang 3月 12, 2019

We re-designed Paxos.com to reveal more about our mission to mobilize assets and create a frictionless economy. Read more to learn about upcoming products.

Women to Watch in Blockchain

Paxos 3月 8, 2019

In celebration of International Women’s Day this year, we are putting a spotlight on some of the most inspiring women who have had an impact in blockchain.

PAX Weekly Updates — January 16, 2019

Paxos 1月 16, 2019

Today, we are excited to announce that we will be jump-starting a new initiative to share weekly updates on Paxos activity in an effort to bring more transparency into this space.

Binance Lists PAX as a Base Currency

Paxos 11月 29, 2018

We’re excited to share that Binance, the world’s largest crypto exchange, has now added the Paxos Standard (PAX) stablecoin as a base currency.

How to Build a Great Engineering Team

Paxos 10月 24, 2018

Over the past few years, I’ve had the opportunity to build out a world-class engineering team at Paxos, a fintech startup on an ambitious mission to enable the movement of any asset at any time in a trustworthy way.

Paxos Standard Sees Massive Adoption in Its First Month

Paxos 10月 15, 2018

Today, we announced that the Paxos Standard token has achieved the fastest, broadest distribution of any digital asset, with support from over 20 top global exchanges and OTC desks within just one month of its launch.

Monthly Attestation Reports

Paxos 10月 2, 2018

As we bring trust and transparency to the digital asset market with PAX, the industry’s first regulated stablecoin, we are pleased to share our first month-end attestation report, prepared and published by nationally-ranked auditing firm Withum.

Binance lists Paxos Standard token (PAX)

Paxos 9月 21, 2018

We are excited to share that Binance, currently the world’s largest crypto exchange by trading volume, has announced it will list our Paxos Standard token (ticker symbol PAX).

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