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Paxos Labs
@paxoslabs
Where the future of onchain finance is built and customized An integrated platform that enables distribution, post-issuance growth, and asset-aligned liquidity
๊ฐ€์ž… October 2024
19 ํŒ”๋กœ์ž‰ ์ค‘    3.6K ํŒฌ
Stablecoin liquidity is rapidly fragmenting. A few stablecoins will win globally; many more will serve specific ecosystems, and the hard part is moving between them predictably, efficiently, and at scale @bhau___ on why technology like Transit solves fragmentation before policy does ๐Ÿ‘‡
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๐Ÿšจ EXCLUSIVE: PAXOS LABS SAYS TECH WILL FIX STABLECOIN FRAGMENTATION BEFORE REGULATORS DO Paxos Labs co-founder Bhau Kotecha (@bhau___) told AlphaWire that stablecoin fragmentation is more likely to be solved by technology than global regulatory coordination. His view: the market will not have hundreds of dominant stablecoins, but a handful of globally accepted ones with a long tail for specific ecosystems. The real problem is moving between them. @paxoslabs is building Transit, a stablecoin conversion layer that went live on Robinhood Chain and moved nearly $30M in two weeks. Kotecha says tokenized assets only become useful when they are liquid, accessible, and easy to move between. โ€œYou can issue the token, but if itโ€™s not liquid and accessible on chain, thereโ€™s not an ability for it to have utility.โ€ The endgame: a deeper liquidity network across stablecoins, tokenized assets, and onchain markets.
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