TechFlow News — Stablecoin issuer Paxos has announced it will launch products on the Ethereum Layer 2 blockchain Arbitrum One to expand its services.
While the specific product details remain unclear, Luke Xiao, Head of Fintech Partnerships at Offchain Labs—the developer behind Arbitrum—stated that Paxos has decided to bring its stablecoin issuance and regulated tokenization platform to Arbitrum.
Walter Hessert, Head of Strategy at Paxos, predicted explosive growth in stablecoin adoption among both retail and institutional users over the next three years, with Paxos driving this paradigm shift. Currently, some of Paxos’ stablecoin offerings are already available on Ethereum, Polygon PoS, and Solana.
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