Beyond the economic upside of joining @global_dollar Network, there's real value in the network effect.
GDN partners are teaming up to launch new USDG products for their users, including:
❏ @RobinhoodCrypto building an earn product with @SteakhouseFi, @sparkfinance and @maplefinance
❏ @aave listing @pendle_fi's PT-USDG on @OKX's X Layer
❏ @arbitrum with day-one USDG support from @LayerZero_Core and @swissborg
The Network makes it easier to build together.
@PAXOS_G, GDN Growth Lead at Paxos, explains:
Eligible Schwab Crypto clients can now access SOL, AVAX, and LINK, powered by Paxos Crypto Brokerage.
Proud to work with the @CharlesSchwab team on this expansion.
As of today, Schwab Crypto™ clients can buy and sell solana (SOL), avalanche (AVAX), and chainlink (LINK), in addition to bitcoin and ethereum. These new tokens are part of Schwab’s plans to thoughtfully expand its digital asset offering.
Learn more: spr.ly/6019BHFa25
Paxos Crypto Brokerage now supports cosmos:native.
Live since 2019, ATOM secures the @CosmosHub and carries a market cap of over $750M.
Partners can now offer ATOM through the same regulated platform trusted by some of the biggest names in finance.
Paxos retweeted
🏦 Stablecoin access, without a separate wallet or operational stack.
Through Taurus-NETWORK, banks can now mint and redeem USDG directly with @Paxos, using their existing custody infrastructure and approval controls.
eu1.hubs.ly/H0zFC2x0
Paxos is a partner of the @arbitrum Mentorship Program.
We’re joining Robinhood Chain and other ecosystem teams to help early-stage founders take stablecoin, payments, and onchain products from prototype to mainnet.
Meet the teams supporting founders at Arbitrum's Mentorship Program.
> @Paxos
> @pendle_fi
> @variational_io
> @USDai_Official
Together with Robinhood chain, they’ll provide founders with product, GTM and growth support to bring their apps to the Arbitrum Platform.
Apply today:
tally.so/r/Xx6xqO?utm_source…
Earlier today, public reports indicated that Binance was impacted by a security incident. Blockchain analysis showed that PAXG tokens held on the Binance platform were moved to the suspected attacker’s address.
After confirming the reports with its own blockchain investigation, Paxos froze 1,906.67 PAXG tokens in wallet: 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c
Paxos systems have not been impacted by this incident. Reserves for PAXG, PYUSD and USDG remain fully intact and redemptions continue to operate normally.
This is a rapidly evolving situation. We will provide updates as appropriate as details come to light. As always, Paxos will work closely with law enforcement and regulators.
Schwab has had several watershed moments in its history. Online trading. The mutual fund marketplace. Zero commissions.
And now, Schwab Crypto.
Joe Vietri, Head of Digital Assets at @CharlesSchwab, on the firm's next watershed moment:
What makes PAXG different from other tokenized gold products?
❏ Regulation: issued by an OCC-regulated national trust bank, with gold held bankruptcy-remote
❏ Track record: live since 2019, attested every month
❏ Transparency: look up the serial number and vault of the exact bar behind your tokens
❏ Scale: $1.8B+ market cap, listed on the largest exchanges
@whessert, Head of Strategy at Paxos, explains:
Paxos retweeted
Stablecoin economics used to belong to whoever issued the token.
Becoming an issuer means a regulatory oversight, reserves held and attested every month, liquidity on every exchange and chain your users want, and much more behind the scenes.
@global_dollar Network partners don't need to issue their own stablecoins.
They use USDG, issued by Paxos and regulated in Singapore and the EU, and receive economic rewards for driving adoption of USDG.
@PAXOS_G, GDN Growth Lead at Paxos, on why companies join:
Stablecoin economics used to belong to whoever issued the token.
Becoming an issuer means a regulatory oversight, reserves held and attested every month, liquidity on every exchange and chain your users want, and much more behind the scenes.
@global_dollar Network partners don't need to issue their own stablecoins.
They use USDG, issued by Paxos and regulated in Singapore and the EU, and receive economic rewards for driving adoption of USDG.
@PAXOS_G, GDN Growth Lead at Paxos, on why companies join:
Paxos retweeted
Growing USDG on Arbitrum xitter.twitterapi.xyz/i/broadcasts/1kKzDPRyp…
