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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

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