Paxos

Hear more from our Global Head of Policy Lesley Chavkin on the Currency Research podcast. Bottom line? Stablecoins have the potential to unlock enormous benefits in the global economy. Listen here! https://lnkd.in/ehkWiaCA

Today, we celebrate ONE year of PayPal USD (PYUSD)! 🙌 In just one year, PYUSD has grown from $0 to over $650 million in market cap and we’re just getting started. We can't wait to see how PYUSD continues to become an integral part of payments, ecommerce and the future of finance. ✨ Don’t have PYUSD in your wallet yet? Get yours today from our friends at PayPal, Venmo, Crypto.com, Phantom and more.

Calling all developers! Register to participate and submit a project in the *first ever* PYUSD + Portal hackathon to win your share of over 40,000 PYUSD in prizes 🏆 Learn more --> https://pyusd.portalhq.io/

“Paxos prevails in SEC investigation of BUSD stablecoin” 👏 On Tuesday, we received a formal termination notice from the SEC stating that it will not recommend enforcement action against Paxos Trust Company in the investigation of Binance USD (BUSD). View our official press release to learn more about what it means for the future of Paxos & the industry: https://lnkd.in/ectTU2pr

It’s official: PayPal USD is now 500M+ in market cap! 🎉 Here are FIVE fun facts to celebrate: 1. PYUSD is available on the Ethereum and Solana blockchains. 2. You can access PYUSD on PayPal, Venmo, Crypto.com, Phantom and more. 3. PYUSD is issued by Paxos Trust Company. 4. PYUSD reserves are held 100% in US dollar deposits, US treasuries and cash equivalents. 5. PYUSD is always available for 1:1 redemption with Paxos.

This week, Paxos received full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services in the region. This highlights our commitment to comply with regulatory frameworks as we expand products and services to global markets. We’re also excited to welcome Jeannie L. as Executive Director of Paxos Singapore, where she’ll lead Paxos' strategic vision and goals in the APAC region. Jeannie will oversee new business opportunities and partnerships, as well as manage continued engagement with key clients, partners, regulators and more. Learn more about our continued investment in Singapore below 👇 https://bloom.bg/4bt2ejd

Paxos received full approval to offer digital payment token services from the Monetary Authority of Singapore 🇸🇬 We plan to issue a stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework, with DBS Bank selected as our primary banking partner. “Stablecoins issued in accordance with standards set by a regulator like MAS - known for its rigorous regulatory standards - represent a significant step towards democratizing access to commerce and financial services.” - Walter Hessert, Head of Strategy at Paxos Learn more → https://bit.ly/3xDwN83

Last week, we announced that PayPal USD is available on Crypto.com Pay 🎉 You can now use PYUSD to... 🤝 Send it to friends 🎁 Purchase gift cards 🛍 Shop on the Crypto.com app ...and more! Check out our blog post for full details: bit.ly/4btoI3q

PayPal, the payment powerhouse with over 400M* active users, recognises the transformative power of regulated stablecoins for payments. Partnering with Paxos, Triple-A is integrating the PayPal USD stablecoin into our payment solutions. 💎 Why Paypal USD? 👇 🌐 Reach New Users: Paypal USD enables businesses worldwide to tap into PayPal's vast user base, who have easy access to the stablecoin. 📈 Efficient Payments: Integrating Paypal USD allows us to offer businesses cost-efficient, secure, and fast payment options. 🔑 Trust: Fully supported within PayPal’s payment network and backed by US dollar deposits, US Treasuries and similar cash equivalents, stablecoins like Paypal USD build customer trust in digital currencies. Pegged to the US Dollar, PayPal USD combines price stability with the global agility of digital currencies. This integration simplifies cross-border transactions and gives businesses efficient access to USD. More updates to come as we build a more efficient global payment ecosystem, by bridging the gaps between traditional & digital currencies. 🛣 *Source: Statista #cryptopayments #cryptocurrency #crossborderpayments #payments #stablecoins

Paxos is excited to participate in the upcoming Point Zero Forum in Zurich. Our Global Head of Policy Lesley Chavkin will be speaking on the future of stablecoins in finance. Paxos leaders Ben Gray and Walter Hessert will also be in attendance and joining discussions about the crucial role of regulatory frameworks in supporting safe blockchain innovation. Join us! #PZF2024