Over the weekend, PayPal USD hit $1 billion market cap 🏆 and surpassed the milestone just 383 days after launch, which is ~2x faster than USDC and ~3x faster than USDT. We celebrate with the entire PYUSD ecosystem and crucial members of the network including Crypto.com, Solana, Phantom, MetaMask, Bybit, DeFiance Capital, Trident Digital and many more. This is just the beginning. PYUSD is the future of payments and commerce. Onward. 🚀
Paxos
Financial Services
Paxos is a regulated blockchain infrastructure company building transparent and transformative financial solutions.
About us
Paxos is building the foundation for the open financial system. We are a regulated blockchain infrastructure company building transparent and transformative financial solutions. We create accessible blockchain infrastructure that’s instantaneous and reliable, 24/7 - whether it’s enabling crypto features for enterprises, launching the world’s first fully-regulated, asset-backed tokens (USDP & PAXG), or setting a new standard of efficiency for settlement of securities. We empower today’s financial leaders to build a more open, trusted economy. These leaders include PayPal, Mercado Libre, Interactive Brokers and Mastercard.
- Website
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https://www.paxos.com
External link for Paxos
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Remote-first
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Blockchain Solutions, Blockchain Technology, Blockchain Settlement, Financial Technology, Post-Trade, Distributed Ledger Technology, stablecoins, financial market infrastructure, blockchain, cryptocurrency, fintech, enterprise solutions, defi, altcoins, and regulated crypto
Locations
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Primary
Remote-first, US
Employees at Paxos
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Derek Gottfrid
Chief Product Officer @ CLEAR
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Andy Werner
Partnerships at Paxos | Fintech True Believer, Crypto Optimist | Operator in Financial Services and Payments, B2B SaaS and Digital Assets
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Andrew Watts-Curnow
Engineering Manager
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Nikolay Metchev
Senior Software Engineer at Paxos
Updates
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Excited to welcome Coinsub to the PayPal USD (PYUSD) ecosystem as we build the future of payments and commerce ✨
We are thrilled to officially announce our strategic partnership with PayPal USD, marking a significant milestone in the evolution of crypto commerce. This collaboration brings together the trusted and widely recognized USD stablecoin from PayPal with Coinsub's innovative crypto payment platform, creating new opportunities for seamless transactions in the Web3 ecosystem. PayPal USD (PYUSD) is a stablecoin issued by Paxos that is fully backed by US dollar deposits, US treasuries, and similar cash equivalents. Through this partnership, PYUSD on Ethereum has been fully integrated into Coinsub, with support for Solana coming later this year. With the integration of PYUSD, our users can now enjoy an enhanced experience by leveraging PYUSD for both one-time and recurring on-chain crypto payments. At Coinsub, we remain dedicated to delivering unparalleled ease, security, and speed, now further bolstered by the versatility and benefits that PYUSD brings. Whether you are a business or an individual user, this partnership ensures access to the most reliable and innovative payment solution in the Web3 industry. The future of crypto commerce is here, and with PayPal USD and Coinsub working together, the possibilities have never been more promising! https://lnkd.in/drq2EMRz https://paxos.com/pyusd/ #Paypal #Paxos #Coinsub #PYUSD #Ecommerce #Merchants #CryptoPayments #Web3 #DigitalPayments #Recurringpayments #Subscriptions #SaaS #Contractors #Payroll #Payments #Innovation
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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
🚀 We're diving deep into payments innovation and stablecoins in our latest episode! Are banks seeing blockchain as a threat or an opportunity? In our latest thought-provoking episode with Lesley Chavkin, Global Head of Public Policy at Paxos, we discuss how many banks are eyeing partnerships with blockchain companies to leverage robust infrastructure. This episode delves into the dual perspectives banks hold and how collaborations can drive innovative projects. Don't miss this insightful conversation on the evolving relationship between traditional banks and blockchain technology. Tune in now! https://hubs.li/Q02KM1ZG0 Note: Lift Dollar (USDL) exists to open access to US dollars that earn yield safely, but it is not available to residents of the US and other countries. #PITExchange #stablecoin #StayAhead #Technology
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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.
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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/
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“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
Paxos Prevails in SEC Investigation of BUSD Stablecoin and SEC Will Not Pursue Enforcement Action - Paxos
paxos.com
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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.
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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
Stablecoin Issuer Paxos Names Lim Executive Director in Singapore
bloomberg.com
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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
Paxos Secures Full Approval to Offer Digital Payment Token Services from Monetary Authority of Singapore; DBS to be Primary Banking Partner - Paxos
paxos.com
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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 USD is Now Available on Crypto.com Pay
paxos.com