Paxos, a regulated tokenization platform, announced integration with Stellar at Meridian 2024, planning to bring stablecoins and digital assets to the network by late 2024 to expand institutional adoption.
At Meridian 2024, Paxos announced a partnership with Stellar to integrate its tokenization platform with the Stellar network. The collaboration aims to make regulated stablecoins more accessible to global institutions and enterprises. Paxos, licensed by the NYDFS and prudentially regulated across multiple jurisdictions, will bring assets including PYUSD, USDP, and PAXG to Stellar by late 2024. Denelle Dixon, CEO of the Stellar Development Foundation, highlighted Stellar's advantages in tokenization including speed, low costs, and built-in controls. This partnership represents another major institutional adoption milestone for Stellar's ecosystem.
