The firm is set to launch USDP on the Solana blockchain on January 17, 2024.
Solana's speed and low fees make it an appealing platform for US dollar stablecoins and payments.
Paxos,
a regulated blockchain and tokenization infrastructure platform, has announced
a strategic move to broaden its stablecoin issuance to the Solana blockchain
platform. Previously exclusive to Ethereum, this expansion marks a milestone
for Paxos's enterprise and consumer-focused operations.
Paxos
Sets Date for Public Launch of USDP on Solana
The
introduction of USDP on Solana, scheduled for January 17, 2024, aligns with
Paxos's commitment to delivering seamless and efficient financial solutions in
the dynamic blockchain landscape.
Walter Hessert, the Head of Strategy at Paxos, commented: “The expansion of our stablecoin
platform to support Solana marks an important step towards making stablecoins
ubiquitous for everyday consumers. Paxos has set the standard for oversight,
reserve management and issuance in the stablecoin market. By integrating USDP
with Solana, we’re making it easier for anyone to get and use the safest, most
reliable stablecoins.”
Solana's
high-speed transaction capabilities and lower fees make it an attractive
platform for US dollar stablecoins and payments. Paxos aims to leverage
Solana's performance architecture to enhance the reliability and customer
security of USDP, reinforcing its position as a key player in the evolving
blockchain industry.
Raj Gokal, the Co-Founder of Solana, commented: “Paxos’s decision to bring
stablecoin issuance to the Solana blockchain will showcase how Solana’s
high-performance network and low transaction fees can support regulated
financial products and provide leaders like Paxos new ways to scale and
innovate. The Solana network will enable Paxos to further its vision for a more
open and financially empowering future.”
Global
Expansion for Stablecoin Operations
Earlier,
Finance Magnates reported that Paxos
secured in-principle approval from the Abu Dhabi Global Market's Financial
Services Regulatory Authority. This milestone allows Paxos to issue USD and
other currency-backed stablecoins and offer crypto-brokerage and custody
services through regulated ADGM entities. Pending full approval, Paxos plans to
expand the global reach of its regulated USD-backed stablecoins, emphasizing
regulatory compliance, transparency, and adherence to AML and KYC standards.
This
achievement adds to Paxos' regulatory approval from New York, Singapore, and
ADGM, reinforcing its commitment to international growth through regulated
frameworks. Paxos aims to leverage blockchain for a more open and secure global
financial system, providing increased access and freedom.
Additionally,
Paxos recently secured in-principle approval from the Monetary Authority of Singapore, enabling the expansion of its digital asset services in Asian
markets.
Paxos,
a regulated blockchain and tokenization infrastructure platform, has announced
a strategic move to broaden its stablecoin issuance to the Solana blockchain
platform. Previously exclusive to Ethereum, this expansion marks a milestone
for Paxos's enterprise and consumer-focused operations.
Paxos
Sets Date for Public Launch of USDP on Solana
The
introduction of USDP on Solana, scheduled for January 17, 2024, aligns with
Paxos's commitment to delivering seamless and efficient financial solutions in
the dynamic blockchain landscape.
Walter Hessert, the Head of Strategy at Paxos, commented: “The expansion of our stablecoin
platform to support Solana marks an important step towards making stablecoins
ubiquitous for everyday consumers. Paxos has set the standard for oversight,
reserve management and issuance in the stablecoin market. By integrating USDP
with Solana, we’re making it easier for anyone to get and use the safest, most
reliable stablecoins.”
Solana's
high-speed transaction capabilities and lower fees make it an attractive
platform for US dollar stablecoins and payments. Paxos aims to leverage
Solana's performance architecture to enhance the reliability and customer
security of USDP, reinforcing its position as a key player in the evolving
blockchain industry.
Raj Gokal, the Co-Founder of Solana, commented: “Paxos’s decision to bring
stablecoin issuance to the Solana blockchain will showcase how Solana’s
high-performance network and low transaction fees can support regulated
financial products and provide leaders like Paxos new ways to scale and
innovate. The Solana network will enable Paxos to further its vision for a more
open and financially empowering future.”
Global
Expansion for Stablecoin Operations
Earlier,
Finance Magnates reported that Paxos
secured in-principle approval from the Abu Dhabi Global Market's Financial
Services Regulatory Authority. This milestone allows Paxos to issue USD and
other currency-backed stablecoins and offer crypto-brokerage and custody
services through regulated ADGM entities. Pending full approval, Paxos plans to
expand the global reach of its regulated USD-backed stablecoins, emphasizing
regulatory compliance, transparency, and adherence to AML and KYC standards.
This
achievement adds to Paxos' regulatory approval from New York, Singapore, and
ADGM, reinforcing its commitment to international growth through regulated
frameworks. Paxos aims to leverage blockchain for a more open and secure global
financial system, providing increased access and freedom.
Additionally,
Paxos recently secured in-principle approval from the Monetary Authority of Singapore, enabling the expansion of its digital asset services in Asian
markets.
Bankrupt FTX Plans to Pay Nearly All Customers 118% of Their Claims
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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