Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach with a global payment method. The platform supports instant conversions between USD and various stablecoins, including PYUSD, USDP, and USDC, facilitating efficient transactions across the Solana and Ethereum networks. Ronak Daya, Head of Product at Paxos, emphasized that stablecoins represent the future of payments, offering instant, safe, and low-cost settlement options. John Egan, Head of Crypto at Stripe, expressed excitement about the partnership, highlighting the goal of making payments easier and more affordable for businesses worldwide.

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