Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Paxos and Standard Chartered strengthen management of stablecoin holdings
ADOPTION NEWS

Paxos and Standard Chartered strengthen management of stablecoin holdings

By Crypto FlexsDecember 11, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Paxos and Standard Chartered strengthen management of stablecoin holdings
Share
Facebook Twitter LinkedIn Pinterest Email

Iris Coleman
December 11, 2024 17:37

Paxos is working with Standard Chartered to advance stablecoin reserve management and strengthen digital asset infrastructure and regulatory compliance across global markets.





Paxos, a leading blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance reserve management for stablecoins Global Dollar (USDG) and Lift Dollar (USDL). According to Paxos, this strategic partnership aims to strengthen the infrastructure supporting trusted digital assets across Singapore and the United Arab Emirates.

Strengthening stablecoin infrastructure

Standard Chartered will provide essential services, including cash management, trading and storage, in line with Paxos’ commitment to maintaining strong reserve management. This partnership emphasizes the importance of holding highly liquid, short-term US government securities and cash equivalents to ensure stablecoins maintain 1:1 parity with the US dollar and ensure a smooth transition to fiat currencies.

Compliance and global expansion

Both USDG and USDL are fully supported stablecoins issued under strict regulatory oversight, with USDG complying with the Monetary Authority of Singapore’s upcoming framework. The collaboration also highlights Standard Chartered’s role in providing comprehensive banking capabilities, simplifying access to Paxos’ stablecoins, and working with global regulators on digital asset custody solutions.

Industry Insights

Adam Ackermann, Head of Treasury and Portfolio Management at Paxos, emphasized the importance of institutional grade products in attracting leading companies to the stablecoin industry. John Collura of Standard Chartered echoed this sentiment, noting the role of partnerships in shaping the future of digital finance through trust and innovation.

Paxos’ stablecoins, including USDG and USDL, are carefully regulated and designed to exceed the best interests of digital asset holders globally. This initiative reflects the broader trend of integrating traditional banking services with blockchain technology to enhance digital asset management and compliance.

The collaboration between Paxos and Standard Chartered is an important step in advancing the stablecoin ecosystem and ensures that digital assets are safe, regulated and accessible globally.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA Blackwell achieves an improvement of 2.6x performance in MLPERF training v5.0.

June 4, 2025

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin robbery is a trader after market rotation; ETH, DOGE LEAD majors

June 4, 2025

IP cooperation with the original ZEUS artist and trademark holders

June 4, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025

NVIDIA Blackwell achieves an improvement of 2.6x performance in MLPERF training v5.0.

June 4, 2025

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Bitcoin (BTC) is faced with market volatility in economic changes.

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin robbery is a trader after market rotation; ETH, DOGE LEAD majors

June 4, 2025

IP cooperation with the original ZEUS artist and trademark holders

June 4, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025
Most Popular

MicroStrategy’s Bitcoin Risk: CFA Looks at Debt Issues

December 1, 2023

Better Markets, a cryptocurrency-skeptic non-profit, has urged the SEC to reject Bitcoin ETF spot.

January 7, 2024

Improving GPU driver support for RHEL9 with NVIDIA and Red Hat signed modules

February 12, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.