🏦 The Paxos company will collaborate with DBS Group, the largest bank in Singapore, for the conservation of its stablecoin reserves.

Paxos, for example, issues the stablecoins $PYUSD (in collaboration with PayPal), $USDP and $PAXG .

Paxos has announced that it will be launching its regulated stablecoin, Pax Dollar (USDP), on #Solana . This comes after receiving regulatory approval.

They stated that the reason for this was Solana's faster transaction speeds and lower costs compared to that of Ethereum