Paxos Breaks New Ground with Stablecoin Expansion to Solana Blockchain
#Crypto community awaits as #Paxos pioneers stability with #USDP on #Solana, offering rapid transactions and regulatory-backed security. #Stablecoin
#Crypto community awaits as #Paxos pioneers stability with #USDP on #Solana, offering rapid transactions and regulatory-backed security. #Stablecoin
According to a report by the Wall Street Journal (WSJ), the U.S. SEC is considering filing charges against Paxos’s firm.
Recent on-chain data indicate that there has been a decrease in the total amount of stablecoin deposits made throughout the market. Read more on CNL.
Paxos wants to deposit $1.5B of its USDP stablecoin into Maker’s Peg Stability Module (PSM), which houses reserves supporting its DAI stablecoin. Read CNL.