Stablecoin issuer Paxos has received approval from the New York financial regulatory agency to expand its stablecoin to the Solana blockchain and plans to launch on January 17, 2024. This is the first time the regulatory agency has allowed Paxos to issue stablecoins outside of Ethereum.
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New York financial regulator approves Paxos to expand its stablecoin to Solana chain
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