Paxos

We’re excited to announce our partnership with Abu Dhabi Finance Week (ADFW) 2024, powered by #ADGM! Join the team at Paxos as we head to the UAE from December 9-12 for this immersive 4-day event, where leaders, market experts, and entrepreneurs from over 100 countries will converge to explore the future of finance. ?? Learn more here ??? https://adfw.com/tickets?

Congrats to the Stripe team! We're excited to see more Paxos-powered payments use cases. Partnerships like this will facilitate the acceleration and adoption of stablecoins in daily payments.

Today, Paxos announced an agreement to acquire Membrane Finance, an EMI based and licensed in Finland. Once completed, Paxos will be a fully licensed EMI in Finland and the EU. Read more about what this means here: https://lnkd.in/eNtbUGJh

Big news! ?? PayPal USD (PYUSD) can now move between Ethereum and Solana using LayerZero Labs, providing PYUSD holders with the choice of Ethereum and Solana whenever they choose with frictionless transfers between chains. Learn more ?? https://lnkd.in/gstjYEsb

Paxos relentlessly builds solutions that address challenges in the stablecoin industry, which is why we were thrilled to announce USDG & Global Dollar Network last week. Learn more about the launch by checking out the latest post from from our Head of Product, Ronak Daya. ?? Check it out: https://lnkd.in/eJMTu8cR

Today, we’re launching Global Dollar Network (GDN) — an open network to accelerate and reward global stablecoin adoption. Additional partners include Anchorage Digital, Bullish, Galaxy, Kraken Digital Asset Exchange, Nuvei, and Robinhood. Global Dollar Network is revolutionizing the market by offering a trusted stablecoin that provides proportionate economic benefits to partners. At the center of this network is Global Dollar (USDG), the latest stablecoin from Paxos, issued out of Singapore and compliant with the Monetary Authority of Singapore's upcoming stablecoin framework. Paxos CEO & Co-Founder Charles Cascarilla said, “Stablecoins are replatforming the financial system and revolutionizing how people interact with US dollars and payments. However, the leading stablecoins are unregulated and retain all the reserve economics. Global Dollar Network will return virtually all rewards to participants and is open for anyone to join. It is designed to incentivize global stablecoin usage and accelerate societal wide adoption of this technology.” ??Join the new frontier: globaldollar.com ?? Read the press release: https://lnkd.in/g2nrVXbh

Enterprise interest in stablecoins has never been higher than it is today, but the market lacks a solution that combines regulatory compliance with real economic incentives for enterprises. Keeping with the Paxos tradition of powering infrastructure for the world’s most important and innovative enterprises, we are thrilled to launch the Global Dollar | USDG! https://lnkd.in/eq3G4feW

Today marks an exciting milestone?in Paxos’ history. We’re pleased to introduce Global Dollar | USDG, the latest US dollar-backed stablecoin issued by Paxos. This is the 6th trusted digital asset from Paxos and its affiliates.??? Read the official press release here: https://lnkd.in/e6QzTmpb USDG is a US dollar-backed stablecoin designed to be compliant with MAS’ upcoming stablecoin framework. Issued by Paxos Digital Singapore Pte. Ltd., USDG is a stablecoin compliant with MAS’ upcoming stablecoin framework. USDG is built to power the next wave of global stablecoin adoption, catering to both crypto-native ecosystems and?regulated institutions that maintain higher standards of operation. USDG is available today on Ethereum and will be issued on more blockchains as approved by MAS.? Ronak Daya, Paxos’ Head of Product, said: “Enterprise interest in stablecoins has never been higher than it is today, but the market lacks a solution that combines regulatory compliance with real economic incentives for enterprises. Keeping with the Paxos tradition of powering infrastructure for the world’s most important and innovative enterprises, we are thrilled to launch the Global Dollar (USDG).”

This morning, Paxos CEO & Co-Founder Charles Cascarilla sent a letter to Vice President Harris and Former President Trump about the state of digital assets in the U.S. Cascarilla says, “Our economic competitiveness and national security are threatened. We’re witnessing the U.S. become the Rust Belt of financial services in real-time.” Read more about why he believes it’s critical for the U.S. to get this issue right. https://lnkd.in/eR5XPM_f

The team at Paxos continues to drive adoption of PayPal USD through collaboration with powerful ecosystem partners like Fireblocks ?? Learn more about the $1 million grant program here ?? https://lnkd.in/eVyzMJXx