Paxos announced integration with the Stellar network at Meridian 2024, bringing regulated stablecoins to the blockchain. The collaboration aims to expand institutional adoption of compliant digital assets by late 2024.
At Meridian 2024, Paxos announced it will integrate its tokenization platform with the Stellar network to issue regulated stablecoins. The partnership focuses on facilitating institutional adoption of compliant digital assets, with Paxos bringing assets to Stellar by late 2024. Paxos CEO Charles Cascarilla emphasized how the collaboration will make trustworthy stablecoins more accessible globally, while SDF CEO Denelle Dixon highlighted Stellar's advantages in speed, cost efficiency, and built-in controls. Paxos, a NYDFS-regulated fintech, already issues PYUSD, USDP, and PAXG, and this integration expands its multi-chain tokenization strategy to serve enterprises and institutions seeking safe, compliant tokens.