Double token integration: $PAXG and $USDP

HYVE

• 4 min read
Double token integration: $PAXG and $USDP

Guess what? It isn't just another week at HYVE – it's a celebration of double delight! We're super excited to roll out not one, but two fantastic token integrations into our payment system.

Say hello to the dynamic duo of the digital finance world: Pax Gold ($PAXG) and Pax Dollar ($USDP)!

Pax Gold is like your digital golden ticket, blending the timeless allure of gold with the snazzy world of blockchain. And Pax Dollar? Think of it as your steady buddy, always keeping it real with its US dollar peg. Together, they're not just tokens; they're our new superstars, ready to jazz up your transactions with a mix of stability and sparkle!

So, buckle up and get ready for a joyride through the ins and outs of $PAXG and $USDP. We're talking about a whole new level of payment pizzazz that's about to hit your digital wallets. Double trouble? More like double the fun!

Here you have the contract addresses for $PAXG:

ETH: 0x45804880de22913dafe09f4980848ece6ecbaf78
BNB: 0x7950865a9140cb519342433146ed5b40c6f210f7

And for $USDP:

ETH: 0x8e870d67f660d95d5be530380d0ec0bd388289e1
BNB: 0xb7f8cd00c5a06c0537e2abff0b58033d02e5e094

The bridge between fiat and digital currencies - Paxos!

Describing themselves as “the first regulated trust company with blockchain expertise”, Paxos is going to open the world’s financial system to everyone by creating a modern settlement solution that can eliminate risk and simplify settlements in just 3 steps:

  • unlocking capital - Paxos is able to settle trades instantaneously and with fewer counterparties, lowering your risk exposure and redeploying capital back into value, while also creating activities.
  • improving margins - Paxos lowers your cost to operate, while delivering a low fee structure, by saving you money on every transaction.
  • streamlining operations - by automating settlement with blockchain, Paxos simplifies the entire post-trade process, eliminating operational cost currently used to manage legacy systems.

Paxos is the leading regulated blockchain infrastructure and tokenization platform - its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is re-platforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody, trade and settle assets. Its blockchain solutions are used by institutions like PayPal, Interactive Brokers, Mastercard, Mercado Libre, TD Bank and more. It is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Prudentially regulated by the NYDFS in the US and the MAS in Singapore, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.

Strike gold with $PAXG!

PAX Gold (PAXG) offers a unique combination of physical gold ownership with the agility of digital assets, providing an innovative solution for investors. It's built on the Ethereum blockchain, ensuring transparency and security. This approach allows for fractional gold investment, making it accessible to a wider range of investors. PAXG's blockchain integration also means easy transferability and accessibility worldwide, democratizing gold investment.

Additionally, PAX Gold provides a modern solution to gold investment, minimizing the risks and inefficiencies associated with physical gold storage and transportation. It's designed to be compliant with regulatory standards, offering peace of mind to investors regarding its legitimacy and stability. PAXG's alignment with real-time gold market prices ensures that investors have a reliable and up-to-date valuation of their digital gold assets. For further details, please visit their website here.

Dive into $USDP!

USDP, the Paxos Dollar, is a fully-backed stablecoin designed to provide a digital alternative to the US Dollar, maintaining a stable value pegged 1:1 to the USD. Its unique feature is the stringent regulatory compliance and oversight by the New York State Department of Financial Services. This ensures transparency and security, with each USDP backed by cash or cash equivalents held in segregated accounts.

The key appeal of USDP lies in its blend of digital convenience and financial stability. It enables seamless transactions in the digital economy while offering the reliability of traditional fiat currencies. This makes USDP a compelling choice for those seeking stability in the volatile cryptocurrency market. For additional information, please visit their website here.

What more for HYVE?

Payment options galore, new blockchains - HYVE thoroughly delivered on its promise that we will deliver 1-2 partnerships per week until year's end. What is more, we focused heavily on stablecoins, with $PYUSD already integrated as a payment option, in order to further diversify your already vast choice for future payment. Are you interested in finding out more? Follow us on X!

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