Paxos Labs closes a $12M round led by Blockchain Capital and launches Amplify, a suite for yield, borrowing, and stablecoin ...

Charles Cascarilla, CEO of stablecoin issuer Paxos, is also CEO of Paxos Labs.

The addition of Fordefi’s MPC wallet infrastructure broadens Paxos’ regulated capabilities for custody, tokenization and institutional onchain operations. Blockchain infrastructure company Paxos has ...

USDG, the base asset, is a 1:1 USD-backed stablecoin issued by Paxos under regulatory oversight, already operational on Ethereum, Solana, Ink, and X Layer. USDG0 builds on this foundation but ...

Paxos, the veteran stablecoin and blockchain infrastructure firm, is leaning further into DeFi. On Tuesday, the company announced that it had acquired Fordefi, a New York-based startup that helps ...

Kevin George is a crypto writer and editor for Investopedia. He holds a master's degree in finance and has extensive knowledge and experience in the areas of trading, markets, and economics. Horacio ...

What’s wrong with current stablecoins? Put simply, too much profit is directed to issuers. In most cases, the yield from reserves flows back to those managing the stablecoin rather than to its users.