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Paxos Breaks New Ground with Stablecoin Expansion to Solana Blockchain

Paxos, a leading force in the regulated blockchain and tokenization infrastructure realm, has made a strategic move by extending its stablecoin issuance beyond the Ethereum blockchain to include Solana. This groundbreaking expansion marks a pivotal moment for Paxos, distinguished as the only regulated blockchain platform across multiple jurisdictions. The initiative seeks to introduce USDP on Solana, slated for public availability on January 17, 2024. By capitalizing on Solana’s high-speed transaction capabilities and lower fees, Paxos aims to make its stablecoin solutions even more accessible. USDP is anticipated to thrive within Solana’s high-performance architecture.

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