What is Paxos and why is it significant in crypto banking?

[cryptobro]

Paxos is a regulated financial institution and blockchain infrastructure provider that focuses on bridging traditional finance with crypto markets. It issues stablecoins like USDP (formerly Paxos Standard) and provides custody, settlement, and tokenization solutions. In crypto banking, Paxos emphasizes regulatory compliance, making it a trusted partner for institutions looking to integrate crypto while staying within U.S. financial regulations. Its model aims to provide transparency and stability in an industry often criticized for volatility and lack of oversight.

[Nahid Hossen]

Paxos plays a key role in bringing trust and compliance into crypto banking.

[Abdul Khan]

It shows how crypto firms can scale while working within regulatory frameworks.

[Nahid Hossen]

Paxos plays a key role in bringing trust and compliance into crypto banking.