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$3,488.21 0.58026
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BNB
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$603.25 0.92827
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$143.71 -2.2899
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$0.4745520 -0.66936
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Bitcoin
Bitcoin (BTC)
$66,083.00 -0.91689
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Ethereum
Ethereum (ETH)
$3,488.21 0.58026
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BNB
BNB (BNB)
$603.25 0.92827
BNB price
Solana
Solana (SOL)
$143.71 -2.2899
Solana price
XRP
XRP (XRP)
$0.4745520 -0.66936
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000203 -4.19898
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000114 -3.23685
Pepe price
Bonk
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$0.0000242 -5.44455
Bonk price
Bitcoin
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$66,083.00 -0.91689
Bitcoin price
Ethereum
Ethereum (ETH)
$3,488.21 0.58026
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BNB
BNB (BNB)
$603.25 0.92827
BNB price
Solana
Solana (SOL)
$143.71 -2.2899
Solana price
XRP
XRP (XRP)
$0.4745520 -0.66936
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000203 -4.19898
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000114 -3.23685
Pepe price
Bonk
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$0.0000242 -5.44455
Bonk price
Bitcoin
Bitcoin (BTC)
$66,083.00 -0.91689
Bitcoin price
Ethereum
Ethereum (ETH)
$3,488.21 0.58026
Ethereum price
BNB
BNB (BNB)
$603.25 0.92827
BNB price
Solana
Solana (SOL)
$143.71 -2.2899
Solana price
XRP
XRP (XRP)
$0.4745520 -0.66936
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000203 -4.19898
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000114 -3.23685
Pepe price
Bonk
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$0.0000242 -5.44455
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SirWin
SirWin
SirWin

Paxos expands stablecoin issuance to Solana

paxos-expands-stablecoin-issuance-to-solana
Edited by
News
Paxos expands stablecoin issuance to Solana

Leading tokenization platform Paxos has announced its expansion into the Solana blockchain, marking a significant move beyond its previous Ethereum exclusivity. 

The integration into Solana (SOL) is a strategic step for Paxos, given Solana’s reputation for high-speed transactions and lower fees. This move particularly benefits U.S. dollar stablecoins and payment processes, as Solana’s network offers an efficient and cost-effective environment. Paxos’s stablecoin, USDP, is expected to leverage Solana’s robust architecture to enhance its performance further.

Raj Gokal, co-founder of Solana, believes this collaboration will enable Paxos to continue its pursuit of a more open and financially inclusive future.

The New York State Department of Financial Services regulates Paxos Trust Company LLC. The regulatory oversight ensures the integrity and security of its products and platform. USDP, like all Paxos stablecoins, maintains a full 1:1 backing by the U.S. dollar. The launch is scheduled for Jan. 17.