TechFlow News, Paxos officially announced on X that its stablecoin USDP has expanded to Solana.
Walter Hessert, Head of Strategy at Paxos, commented: "Expanding our stablecoin platform to support Solana marks a significant step toward making stablecoins ubiquitous in everyday consumer use. Paxos has set the standard for oversight, reserve management, and issuance in the stablecoin market. By integrating USDP with Solana, we're making it easier than ever for anyone to access and use the most secure and reliable stablecoin."
Raj Gokal, Co-Founder of Solana, commented: "Paxos' decision to bring stablecoin issuance to the Solana blockchain will demonstrate how Solana's high-performance network and low transaction fees can support regulated financial products, providing leaders like Paxos with new ways to scale and innovate. The Solana network will enable Paxos to further realize its vision of a more open and financially empowering future."
