paxos labs - Paxos Labs spins off from Paxos and completes a $12 million funding round.
Paxos Labs has spun off from stablecoin issuer Paxos and completed a $12 million funding round led by Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi developer Uniswap Labs. Paxos Labs co-founder Bhaumik Kotecha did not disclose the valuation of this funding round. Chad Cascarilla, CEO of Paxos, also serves as CEO of Paxos Labs, which will provide large enterprises with services to create and manage their own stablecoins.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
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