The Expansion of Paxos on Arbitrum One Paxos, a major player in the world of stablecoins, has announced its plans to launch its products on the Ethereum Layer 2 blockchain Arbitrum One. This expansion comes as no surprise, as the demand for stablecoins has been steadily increasing in recent years. With the rise of decentralized finance (DeFi) and the need for stable assets in the volatile cryptocurrency market, Paxos is taking a strategic step towards catering to the growing demand. What is Arbitrum One? Arbitrum One is a Layer 2 scaling solution built on top of Ethereum. It aims to improve the speed and scalability of the Ethereum network by processing transactions off-chain and settling them on the main Ethereum blockchain. This allows for faster transaction processing and lower gas fees, making it an attractive option for companies like Paxos to expand their services. Why is Paxos Choosing Arbitrum One? Paxos has chosen Arbitrum One as its expansion platform due to its ...
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