Full-Time
Blockchain-based financial services and digital assets
No salary listed
Senior, Expert
Remote in USA
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Paxos is a fintech company that uses blockchain technology to improve financial markets by providing solutions for settling securities and other transactions. Its main products include the Paxos Standard (PAX), a stablecoin pegged to the US dollar for secure transactions, and Paxos Gold (PAXG), a digital token backed by physical gold. Paxos differentiates itself by integrating blockchain into traditional finance, aiming to enhance transparency and reduce costs. The company's goal is to modernize financial systems, making transactions faster and more efficient.
Company Size
201-500
Company Stage
Series D
Total Funding
$535.3M
Headquarters
New York City, New York
Founded
2012
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Company Equity
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Visa is reportedly joining the Global Dollar Network (USDG) stablecoin consortium.The company will become the first traditional finance player to join the consortium that shares out yield to participants that create connectivity and liquidity, CoinDesk reported Monday (April 14), citing unnamed sources.Reached by PYMNTS, a Visa spokesperson said in an email that the company does not comment on rumor or speculation.USDG members include Paxos, Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish and Nuvei, according to the CoinDesk report.It was reported in November that the Global Dollar Network introduced a joint stablecoin pegged to the U.S. dollar and aimed to accelerate the use of stablecoins worldwide and promote an asset that provides proportionate economic benefits to its partners.In a Nov. 4 press release announcing the launch of the consortium, the Global Dollar Network said membership is open to custodians, exchanges, payment FinTechs, merchants, protocols, card networks, banks and investment platforms.It added that the network will focus on the Global Dollar (USDG), which is a stablecoin issued out of Singapore by Paxos.“Stablecoins are replatforming the financial system and revolutionizing how people interact with U.S. dollars and payments,” Paxos CEO and co-founder Charles Cascarilla said in the release. “However, the leading stablecoins are unregulated and retain all the reserve economics. Global Dollar Network will return virtually all rewards to participants and is open for anyone to join.”Stablecoins have started to decouple themselves from crypto exchanges and position themselves as a component of real-world financial infrastructure, PYMNTS reported in March.This change comes amid signs of broader adoption of stablecoins in mainstream financial activities including B2B payments, capital markets, lending, cross-border payments and treasury management.Visa launched a new platform in October that enables banks to issue fiat-backed tokens, such as stablecoins and tokenized deposits.The Visa Tokenized Asset Platform (VTAP) is designed to use the payment company’s expertise in technologies like smart contracts to let banks issue and transfer fiat-backed tokens over blockchain networks.“Visa has been at the forefront of digital payments for nearly 60 years, and with the introduction of VTAP, we are once again setting the pace for the industry,” Vanessa Colella, global head of innovation and digital partnerships at Visa, said at the time
Mahe, Seychelles, April 04, 2025 (GLOBE NEWSWIRE) - BitMart, a global leader in cryptocurrency trading, is proud to announce its strategic partnership with Paxos, the issuer of Global Dollar (USDG), through its participation in the Global Dollar Network (GDN).
J. Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC) and a recognized advocate for cryptocurrency, has been appointed to the board of Paxos.
Payment stablecoins, blockchain and other digital innovations, including tokenization, will enable more efficient money movement across the globe, while ensuring primacy of the U.S. dollar in transactions and trade, executives and other industry experts told lawmakers Tuesday (March 11). During testimony and under questioning by representatives of the House Financial Services Committee, witnesses at the nearly four-hour hearing also contended that it is the private sector — and not a central bank-created CBDC — that will expand financial services and the benefits of digital dollar options to the world at large. Chairman Rep. French Hill, R-Ark., said during his opening remarks: “The evolution of payment stablecoins and their increasing adoption beyond the digital asset ecosystem reflect broader modernization efforts in the U.S. and global payments landscape,” noting that the offerings streamline cross-border payments
Paxos has finalized its acquisition of Finnish company Membrane Finance, which launched the EU-based stablecoin EUROe. This acquisition allows Paxos to become a fully licensed Electronic Money Institution in the EU, based in Finland. Paxos aims to expand its product suite into Europe while ensuring compliance with MiCA regulations, enhancing its globally regulated platform to serve European customers safely and compliantly.