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Paxos Suddenly Cuts 20% of Workforce, Aims to Focus on Core Businesses
Paxos Suddenly Cuts 20% of Workforce, Aims to Focus on Core Businesses
Jun 13, 2024
Paxos, a leading stablecoin issuer, cuts 20% of workforce. That comes as a move to ‘de-prioritizing adjacencies’, the company says. According to Bloomberg report, the stablecoin firm is lessening its focus on non-core offerings. The staff cut eliminates 65 employees. As a result, Paxos’ headcount wi
A Stablecoin That Pays Interest? Paxos Was Able To Surprise Us After All
A Stablecoin That Pays Interest? Paxos Was Able To Surprise Us After All
Jun 06, 2024
Paxos International has announced the issuance of a regulated, interest-paying U.S. dollar-pegged stablecoin. The trick is that this new digital asset, named USDL, will not be available to users in the United States. USDL aims to stand out by not only being pegged to the U.S. dollar but also offerin

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