Paxos to launch USDP stablecoin on Solana after securing NY regulatory approval

Blockchain infrastructure firm Paxos has received regulatory approval to expand its stablecoin operations to the Solana blockchain. The USDP stablecoin is expected to launch on Solana on January 17, 2024, with its smart contract following the SPL token standard.According to initial coverage today from Fortune, the New York Department of Financial Services (DFS) has given Paxos approval to... source: https://cryptobriefing.com/paxos-launch-usdp-stablecoin-solana-after-securing-ny-regulatory-approval/?utm_source=cryptopanic&utm_medium=rss