Paxos Reports Rising Demand for Stablecoin Infrastructure

According to Odaily, Paxos' Head of Strategy, Walter Hessert, has observed a significant increase in the demand for stablecoin infrastructure. Companies like Mastercard have recognized this demand and are leveraging their global franchises to support a growing portfolio of regulated stablecoins from issuers worldwide. Additionally, the Global Dollar Network is promoting the adoption of stablecoins through USDG, offering businesses opportunities for 'shared ownership and shared economy,' and assisting them in achieving product-market fit.