Paxos

2024 was a transformational year for the future of finance, powered by our incredible partners and the team at Paxos. From launching Global Dollar Network to hitting $500M+ in market cap for PAXG, Paxos put up huge wins across all of our stablecoin and tokenization products. It was a year for the new frontier and we are just getting started. 🚀 Thank you to our partners, thank you to our team and we will see you in 2025. Happy holidays!

Today we announced our partnership with Standard Chartered during Abu Dhabi Finance Week (ADFW) 2024, powered by #ADGM. The partnership enhances reserve management for Global Dollar (USDG) and Lift Dollar (USDL), further strengthening the infrastructure supporting these trusted digital assets in Singapore and UAE. View the press release: https://lnkd.in/et7tckiH It's also been an incredible week for Paxos, as leaders like Charles Cascarilla, Ronak Daya, Walter Hessert, Charlotte NEDIR COSTARD and Lesley Chavkin have been on the ground talking to industry leaders & attendees about the future of stablecoins in the capital of capital - from #ADFW to the #Bitcoin Mena conference. Note: USDL is not available to residents of certain jurisdictions, including the United States, and the United Arab Emirates except ADGM, the United Kingdom, the European Union, Canada, Hong Kong, Japan or Singapore.

💡 Did you know? State-regulated trusts, particularly those issuing and managing US dollar stablecoins, offer the most conservative model for asset protection. 🏛️ Learn more about prudential state regulation of stablecoin issuance by checking out the latest blog post from the policy team at Paxos. Read it here: https://lnkd.in/eQpjRpdk

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