SOL - Stablecoin Issuer Paxos Takes Solana Plunge Scores Clearance To Broaden Offerings | Benzinga
Stablecoins issuer Paxos has been granted regulatory clearance to broaden its offerings onto the Solana (CRYPTO: SOL) blockchain.
Plans to initiate this expansion are set for Jan. 17, 2024.
Paxos "is the most regulated stablecoin issuer in the world," according to Walter Hessert, the firm's head of strategy. In an interview with Fortune, he declared Paxos as "the only company that has been issuing regulated stablecoins at scale — period.”
Also Read: Solana Rallies But Can It Hold If FTX And Alameda Liquidate $192M Worth Of SOL?
Paxos, co-founded by Charles Cascarilla, holds the distinction of being the first cryptocurrency firm to receive a trust charter under the digital asset regulatory framework established ...