{"id":25221,"date":"2023-12-23T01:31:28","date_gmt":"2023-12-23T01:31:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/paxos-breaks-ethereum-exclusivity-with-new-solana-stablecoin-integration\/"},"modified":"2023-12-23T01:31:28","modified_gmt":"2023-12-23T01:31:28","slug":"paxos-breaks-ethereum-exclusivity-with-new-solana-stablecoin-integration","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/paxos-breaks-ethereum-exclusivity-with-new-solana-stablecoin-integration\/","title":{"rendered":"Paxos Breaks Ethereum Exclusivity with New Solana Stablecoin Integration"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Paxos, a renowned tokenization platform, is broadening its horizons by integrating with the Solana blockchain. This move marks a shift from its earlier focus on Ethereum. By joining forces with Solana, known for its swift transaction speeds and lower costs, Paxos stands to benefit significantly. The integration is poised to enhance the performance of Paxos\u2019s USDP stablecoin and improve payment processes, especially in the context of U.S. dollar transactions.<\/p>\n<p>The regulatory backing of the New York State Department of Financial Services adds a layer of credibility and security to Paxos\u2019s offerings. This oversight ensures that Paxos\u2019s products, including its stablecoins, are reliable and secure. The USDP, along with other Paxos stablecoins, is fully backed by the U.S. dollar on a 1:1 basis, providing users with trust and stability.<\/p>\n<p>Raj Gokal, Solana\u2019s co-founder, views this partnership as a stepping stone for Paxos in its quest for a more inclusive and open financial future. The scheduled launch on January 17th is expected to open new avenues for Paxos, leveraging Solana\u2019s robust network to bolster its service offerings.<\/p>\n<p>A month ago, the Paxos <a href=\"https:\/\/igaming.org\/crypto\/paxos-advancing-in-singapore-with-usd-stablecoin-approval\/\">received approval<\/a> in Singapore by the MAS, with the company planning to issue a U.S. dollar-backed stablecoin in adherence to the country\u2019s upcoming stablecoin regulations.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/paxos-breaks-ethereum-exclusivity-with-new-solana-stablecoin-integration\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Paxos, a renowned tokenization platform, is broadening its horizons by integrating with the Solana blockchain. This move marks a shift from its earlier focus on Ethereum. By joining forces with Solana, known for its swift transaction speeds and lower costs, Paxos stands to benefit significantly. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25221"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25221"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25222"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}