Paxos Re-poster

The total supply has reached 500K PAXG tokens, representing a remarkable milestone for digital assets. This figure corresponds perfectly to 500K fine troy ounces, or more than 15 metric tons, of physical London Good Delivery gold that has been successfully tokenized on @ethereum.

As the market capitalization of PAXG climbs beyond $2B and the value of gold nears $5K/oz, the compelling argument for transitioning RWAs on-chain is becoming increasingly clear.

This approach to tokenizing precious metals provides a highly transparent and accessible system. A strict 1:1 backing is maintained for every single token, fully supported by allocated gold secured safely in London vaults. Furthermore, anyone can easily verify these reserves directly on-chain.

The framework also democratizes access by making ownership truly global and fractional. As long as you have an internet connection and a digital wallet, you have the ability to purchase an amount of gold as tiny as 0.01 oz.

Finally, operating on a blockchain network means this asset enjoys significantly faster settlement times and can cross international borders without friction. It also unlocks the unique ability to utilize the physical gold within smart contracts, bringing modern technological utility to a timeless store of value.

ETH+8.71%

When talking about crypto custody, most industry discussions tend to wrap up once key management is addressed. However, the collaboration between Paxos and @FordefiHQ uses that standard baseline as merely the starting point for a much more comprehensive approach.

Stablecoin regulation is taking shape across major global markets.

Here's where things currently stand.

Paxos is joining @Solana Developer Platform as an infrastructure partner.

Enterprises building on SDP will be able to access Paxos' stablecoin issuance, global orchestration, and institutional self-custody through Fordefi.

https://www.paxos.com/newsroom/paxos-joins-solana-developer-platform

Traditional international money transfers are often burdened by excessive fees and lengthy processing times. To offer a superior alternative for global transactions, PYUSD is currently expanding into 70 distinct markets. Issued by Paxos, this launch successfully empowers millions of @PayPal users to move their money around the world far more effectively.

Paxos has joined the Mastercard Crypto Partner Program.

We've been working with @Mastercard on blockchain infrastructure since 2022, and are proud to join 85+ global enterprises advancing digital assets in global payments.

Stablecoin technology is now proving its ability to handle genuine institutional capital. Aon, recognized as one of the largest insurance brokers globally with a footprint managing corporate risk across 120+ countries, has completed a pioneering transaction. In a pilot that represents an industry first, they successfully settled real insurance premiums using PYUSD on @Solana.

To address the rapidly growing institutional appetite for tokenized gold, leading crypto market maker @Wintermute_T has added PAXG to its OTC desk. This update empowers institutions to trade gold-backed tokens while utilizing on-chain settlement.

The momentum behind enterprise stablecoin usage in the United States continues to grow. @ConfirmoPay is poised to launch stablecoin payment capabilities for US enterprises nationwide, utilizing the regulated infrastructure provided by Paxos.

This expansion provides American businesses with fully compliant options for deposits and payouts. Users will benefit from enterprise-grade custody that adheres to comprehensive regulatory requirements, as well as direct banking connections designed for near-instant settlement.

Confirmo currently manages over $90M+ in monthly volume for thousands of clients around the world. US companies can now access this same battle-tested system, which has operated successfully in EU markets for over a decade. We are witnessing the evolution of stablecoin payments as they graduate from the crypto-native sphere to become fully enterprise-ready.

The use of stablecoins by major organizations is gaining significant traction within the United States. Through a collaboration with the regulated infrastructure of Paxos, @ConfirmoPay is set to deliver stablecoin payment capabilities to US enterprises across the country.

This development introduces a suite of robust features for American businesses. Companies will gain access to fully compliant mechanisms for both deposits and payouts, alongside custody solutions that meet enterprise standards and possess complete regulatory coverage. Additionally, the service offers direct integrations with banking systems to facilitate settlement speeds that are nearly instant.

US companies are now poised to access the same battle-tested infrastructure that has served EU markets for more than a decade. Confirmo already supports thousands of clients around the world, processing more than $90M in volume every month. This expansion highlights the progression of stablecoin payments from a crypto-specific tool to a solution ready for widespread corporate use.

We have reached a major milestone with $2,000,000,000 of PAXG now in circulation.

This represents:
❏ 400,000 oz
❏ 25,000 lbs
❏ 12.5 tons
❏ 1,000 LBMA good delivery gold bullion bars

The future of gold ownership is on-chain.

Stablecoin adoption is currently on a trajectory toward the one trillion mark. It is no longer a matter of if this will happen, but simply a matter of when.

**Product Feature: Utilizing Real-Time Payments (RTP) for USD Deposits**

Paxos clients are empowered to fund their accounts via instant USD bank transfers that operate 24/7/365, completely bypassing the wait times associated with standard business hours.

Provided by The Clearing House, RTP is a modern US payment network designed to facilitate immediate, around-the-clock bank-to-bank USD transfers. It is recognized as one of the most secure and rapid methods for moving dollars today, having successfully processed over $1T in volume.

For Paxos clients, this capability ensures you can deposit USD from your bank instantly at any time, covering both weekends and holidays. This leverages traditional rails to provide a cost-effective, fast, and secure dollar movement solution.

While stablecoins represent 24/7 on-chain movement, RTP introduces this continuous availability to USD banking deposits for Paxos users. You can now move dollars into your account instantly—whether it is a federal holiday or 2AM on Saturday.

As gold prices continue to reach record highs, investors are increasingly turning to trusted stores of value. PAXG delivers the best of both worlds, combining the enduring stability of gold with the seamless efficiency of blockchain technology.

PAXG, the only institutional-grade gold-backed token issued under federal regulatory oversight, is now accepted as collateral for @frankencoinzchf.

Stablecoins signify a transformative advancement in the monetary landscape within the entire financial ecosystem, encompassing banking institutions. For further insights, visit: https://www.paxos.com/blog/clarifying-misconceptions-around-stablecoins?utm_source=organicsocial&utm_medium=paxosx

Stablecoins signify a significant advancement in the evolution of currency, encompassing the banking sector as well. For further insights, visit: https://www.paxos.com/blog/clarifying-misconceptions-around-stablecoins?utm_source=organicsocial&utm_medium=paxosx

Ensuring the secure movement of cryptocurrency on a large scale necessitates robust controls and streamlined processes.

We are excited to announce our latest collaboration with @meshpay, which enhances our methods of verifying ownership for external wallets and exchange accounts prior to the deposit of assets.

This integration not only simplifies the deposit process but also upholds the security measures that institutions rely on when transferring assets such as PYUSD, USDG, and other digital currencies supported by Paxos.

Last week at the @solana Breakpoint event, Paxos CEO and co-founder Charles Cascarilla engaged in a conversation with @akshaybd, covering topics such as white-label stablecoins, the integration of traditional assets onto the blockchain, decentralized finance (DeFi), and additional subjects.

You can find the complete fireside chat linked below.

During the recent @solana Breakpoint event, Charles Cascarilla, the CEO and co-founder of Paxos, engaged in a conversation with @akshaybd. They explored various topics, including white-label stablecoins, the integration of traditional assets onto the blockchain, decentralized finance (DeFi), and additional insights.

You can find the complete fireside chat below.