Paxos announces integration with Stellar network to expand stablecoin adoption

Stablecoin issuer Paxos announced on its official blog that it plans to integrate its tokenization platform with the Stellar network, enhancing the availability of regulated stablecoins for institutional use. Paxos CEO Charles Cascarilla highlighted that the collaboration will accelerate global adoption of stablecoins, while Stellar Development Foundation CEO Denelle Dixon emphasized the benefits of Stellar’s speed and low costs for tokenized assets. Paxos aims to bring assets to the Stellar network by late 2024, further supporting enterprises with compliant digital asset infrastructure.