Singapore Moving Ahead with Paxos
Paxos recently received approval to offer digital payment services from Singapore. Paxos is a private company that offers Blockchain infrastructure to enterprises. They were the ones responsible for issueing the PayPal stablecoin. Paxos also issues Pax Gold, a digital token backed by physical gold. They believe it’s the safest way to own investment-grade physical gold. Paxos also have a U.S. Dollar stable coin called USDP, available on Ethereum and Solana. Paxos is one of those companies doing big things to advance the cryptocurrency space.