We recently introduced the Paxos Partner Rewards Engine, the first on-chain, programmable rewards for a regulated stablecoin. Brent Perreault, Senior Staff Software Engineer, breaks down how we built it.
Paxos
Financial Services
Paxos is a regulated blockchain infrastructure company building transparent and transformative financial solutions.
About us
Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way. Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. Paxos is licensed to engage in virtual currency business activity and is the issuer of numerous digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Global Dollar (USDG) is issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is also issued by Paxos Issuance Europe under the supervision of FIN-FSA and in compliance with MiCA. USDG is also available on Solana. Prudentially regulated by FIN-FSA in Europe, the OCC in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a leading fintech company with more than $500 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund and PayPal Ventures.
- Website
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https://www.paxos.com
External link for Paxos
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Remote-first
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Blockchain Solutions, Blockchain Technology, Blockchain Settlement, Financial Technology, Post-Trade, Distributed Ledger Technology, stablecoins, financial market infrastructure, blockchain, cryptocurrency, fintech, enterprise solutions, defi, altcoins, and regulated crypto
Locations
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Primary
Get directions
Remote-first, US
Employees at Paxos
Updates
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We've always invested heavily in security. Today, we're introducing a public bug bounty, up to $1M in USDG, powered by agentic security platform Cantina.
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Paxos is joining Solana Developer Platform as an infrastructure partner. SDP gives enterprises and financial institutions a single, API-driven interface to build and deploy on Solana. Through Paxos, enterprises building on SDP can now access: - Stablecoin issuance and rewards: regulated infrastructure to issue and manage GENIUS Act-compliant stablecoins, with a native rewards mechanism for holders - Global stablecoin orchestration: manage stablecoin flows across fiat and digital rails from a single interface - Institutional self-custody wallets: through Fordefi, a leader in MPC wallet infrastructure and a Paxos company, enterprises retain full control of their digital assets with the security policies and approval workflows their compliance teams require Learn more: https://lnkd.in/g3WSe3vZ
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Stablecoin regulation is taking shape across major global markets. Here's where things currently stand. Paxos is one of a small number of stablecoin issuers that operates under multiple global regulatory frameworks simultaneously. Paxos holds a national trust charter from the OCC in the United States, a Major Payments Institution license from MAS in Singapore and issues digital assets under MiCA compliance through FIN-FSA in the EU.
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Paxos reposted this
🚢📢 We are not only the largest, most regulated whitelabel stablecoin issuer in the market, but are also building the best issuance platform. Rewards are a core part of it! Learn how you can build your own rewards programs with Paxos using stablecoins like PYUSD, USDG, etc!
Our new Partner Rewards Engine makes stablecoin rewards faster, more transparent, and programmable on-chain.
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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.
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Paxos reposted this
Card networks charge merchants up to 3.5% per transaction. With stablecoin payment networks, you could see a 99.998% cost reduction. Paxos has processed over $1.3B in stablecoin volume on Polygon for under $700 in total gas fees. That's $1.3B across 82,000+ transactions, growing 50x in 12 months. (On traditional networks, that's $45.5M in interchange. Gone.) Behind those numbers is a payments chain built for exactly this, with fast, low-cost, programmable infrastructure to enable real-time settlement, 24/7. This is what payments infrastructure is supposed to look like. Full breakdown: https://lnkd.in/ej2_rTwX
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