Paxos Lays Off Staff

June 13, 2024 Tóth Balázs

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Stablecoin issuer Paxos has laid off about 20% of its workforce, amounting to 65 employees. Charles ‘Chad’ Cascarilla, Paxos co-founder and CEO, stated that the decision was difficult but necessary to capitalize on the significant opportunities in tokenization and stablecoins ahead. The company is reportedly in a very strong financial position for success.

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Paxos Lays Off Staff

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