Paxos
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Paxos is a regulated blockchain infrastructure company building transparent and transformative financial solutions.
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The future of digital finance is bright and America is leading the way. šŗšø
Banking still moves like the post office, while the rest of the economy runs at internet speed.
Stablecoins make finance 24/7.
Stablecoins make finance 24/7.
Stablecoins are the bridge between old school cash and on chain finance.
They offer familiar value on new rails.
They offer familiar value on new rails.
Stablecoin supply just crossed $250B, per @CoinGecko.
A quarter-trillion digital dollars now riding internet rails.
A quarter-trillion digital dollars now riding internet rails.
Stablecoins give money the same superpower the web gave information: instant, global reach.
Since 2018, weāve issued over $150 billion in regulated stablecoins.
We've been behind the scenes powering the infrastructure for some of the biggest names in finance.
In 2023, we launched PYUSD with PayPal, and the conversation changed.
Institutions came asking, āHow can we issue a stablecoin like that?ā
But it wasnāt really about having their name on a digital dollar.
It was because they saw the impact stablecoins could have - on their business, their customers, and the way money moves. Faster, cheaper, more accessible.
The catch?
The current model - where the issuer keeps nearly all the revenue - didnāt work for them.
The largest stablecoins in circulation today aren't designed to share the interest generated on reserves.
So we started building something different alongside some of the top enterprises in the space.
Itās called @global_dollar Network.
Global Dollar Network is a new stablecoin ecosystem designed specifically for enterprise adoption, with shared economics at its core.
Instead of issuers keeping a lion's share of the revenue, Global Dollar Network aligns incentives, so partners benefit from the interest generated by stablecoin reserves.
Itās transparent, trusted, and built to power a new era of global finance.
We've been behind the scenes powering the infrastructure for some of the biggest names in finance.
In 2023, we launched PYUSD with PayPal, and the conversation changed.
Institutions came asking, āHow can we issue a stablecoin like that?ā
But it wasnāt really about having their name on a digital dollar.
It was because they saw the impact stablecoins could have - on their business, their customers, and the way money moves. Faster, cheaper, more accessible.
The catch?
The current model - where the issuer keeps nearly all the revenue - didnāt work for them.
The largest stablecoins in circulation today aren't designed to share the interest generated on reserves.
So we started building something different alongside some of the top enterprises in the space.
Itās called @global_dollar Network.
Global Dollar Network is a new stablecoin ecosystem designed specifically for enterprise adoption, with shared economics at its core.
Instead of issuers keeping a lion's share of the revenue, Global Dollar Network aligns incentives, so partners benefit from the interest generated by stablecoin reserves.
Itās transparent, trusted, and built to power a new era of global finance.
Stablecoins are how you bring the US dollar into the 21st century.
Paxos applauds the Senate for voting āyesā on cloture for the Genius Act tonight.
This is major - and long overdue - progress.
This is major - and long overdue - progress.
Paxos supports the upcoming cloture vote on the GENIUS Act. Itās time for a federal framework for stablecoins and this is an important step forward. We thank @SenatorHagerty, @SenLummis, @gillibrandny and all the other offices involved for their leadership. šŗšø
Holding digital gold? Now you can put it to work.
Earn compounding yield with PAXG + wUSDL in @0xCoinshift's vault on @MorphoLabs.
Hereās how it works: ā¬ļø
Earn compounding yield with PAXG + wUSDL in @0xCoinshift's vault on @MorphoLabs.
Hereās how it works: ā¬ļø
As the Senate gets ready to consider GENIUS - a potentially landmark piece of stablecoin legislation - lawmakers should pay close attention to the risks posed by Section 10 on custody in the current section of the bill; it should be a concern to everyone worried about bailouts.
The language in Section 10 recreates the very risks that led to the failures of Silicon Valley Bank (SVB) and Signature Bank. The so-called ācommingling exceptionsā allow customer stablecoin reserves to be pooled in omnibus accounts at banks and treated as general deposit liabilities - erasing the line between custodied assets and institutional risk. In a stress event, customers wonāt distinguish between segregated and bank-exposed funds, triggering panic withdrawals - just like SVB.
Worse, the current language permits regulators to authorize further commingling by rule, opening the door to regulatory capture. While it offers priority to customer claims, thatās meaningless if the assets arenāt truly separated and traceable.
This isnāt custody. Itās systemic risk in disguise.
The language in Section 10 recreates the very risks that led to the failures of Silicon Valley Bank (SVB) and Signature Bank. The so-called ācommingling exceptionsā allow customer stablecoin reserves to be pooled in omnibus accounts at banks and treated as general deposit liabilities - erasing the line between custodied assets and institutional risk. In a stress event, customers wonāt distinguish between segregated and bank-exposed funds, triggering panic withdrawals - just like SVB.
Worse, the current language permits regulators to authorize further commingling by rule, opening the door to regulatory capture. While it offers priority to customer claims, thatās meaningless if the assets arenāt truly separated and traceable.
This isnāt custody. Itās systemic risk in disguise.
Money that moves like email.
Thatās the promise of stablecoins.
Thatās the promise of stablecoins.
Stablecoins are making headlines this week.
What a time to be alive.
What a time to be alive.
For 1.4B unbanked or underbanked people around the world, access to dollars feels out of reach.
Stablecoins can change that.
Stablecoins can change that.
Stablecoins just hit a new all-time high: $240B in global supply.
The next chapter of digital finance is being written.
The next chapter of digital finance is being written.
Stablecoins are the passport for dollars in a digital world.
Money that moves like email.
Thatās the promise of stablecoins.
Thatās the promise of stablecoins.
What if stablecoins worked for the whole ecosystem, and not just the issuer?
The @global_dollar Network is making that vision a reality. Hereās how: š§µ
The @global_dollar Network is making that vision a reality. Hereās how: š§µ
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