Paxos has launched Paxos Labs, a startup aimed at integrating financial products on-chain for institutions, meeting the increasing demand for DeFi solutions.
Paxos Labs provides an API enabling fintech applications to manage stablecoin issuance and digital assets, enhancing access for users.
Aligning with industry giants like JPMorgan and BlackRock, Paxos Labs seeks to combine traditional finance with DeFi, influenced by regulatory environments.
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