{"id":82838,"date":"2023-08-09T16:27:44","date_gmt":"2023-08-09T13:27:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82838"},"modified":"2025-09-12T07:28:59","modified_gmt":"2025-09-12T04:28:59","slug":"paxos-reveals-new-partnerships-to-launch-stablecoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paxos-reveals-new-partnerships-to-launch-stablecoins\/","title":{"rendered":"Paxos reveals new partnerships to launch stablecoins"},"content":{"rendered":"

The infrastructure company Paxos is working on other stablecoins<\/a> such as PayPal’s PYUSD. In an interview on CoinDesk TV<\/a>, Walter Hessert, the firm’s head of strategy, said.<\/p>\n

On August 7, the payments giant launched<\/a> a ‘stablecoin’, the issuer of which was Paxos.<\/p>\n

Hessert did not give a direct answer to whether the company had engaged in such a collaboration with Elon Musk and the social platform X (formerly Twitter<\/a>).<\/p>\n

\n

“We have other potential stablecoin partnerships in the works,” he said, not revealing details.<\/p>\n<\/blockquote>\n

According to him, Paxos has held talks with many of the world’s largest technology companies and financial-services providers.<\/p>\n

\n

“We think there will be many promising followers of PayPal here,” Hessert said.<\/p>\n<\/blockquote>\n

The launch of PYUSD marks a historic moment for the digital-asset industry, as it provides a new level of user trust, according to a Paxos executive.<\/p>\n

The PayPal stablecoin is fully regulated and bankruptcy-remote, enabling its use for cross-border transfers, consumer payments, settlements and other purposes, Hessert added.<\/p>\n

\n

“We are now seeing these use cases come to life as they are integrated into everyday solutions and presented in a way users can trust,” he said.<\/p>\n<\/blockquote>\n

The manager also stressed that Paxos places particular emphasis on working with partners like PayPal, who can “drive progress” in the mass rollout of blockchain products.<\/p>\n

In February, ceased issuing<\/a> Binance’s BUSD under order of the New York state financial regulator.<\/p>\n","protected":false},"excerpt":{"rendered":"

The infrastructure company Paxos is working on other stablecoin projects, such as PayPal’s PYUSD. Walter Hessert, head of strategy at the firm, said this on CoinDesk TV.<\/p>\n","protected":false},"author":1,"featured_media":82839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1504,182,807],"class_list":["post-82838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paxos","tag-paypal","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82838"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82838\/revisions"}],"predecessor-version":[{"id":82840,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82838\/revisions\/82840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82839"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}