Stablecoin issuer Paxos will integrate with Ethereum layer-2 scaling solution Arbitrum in order to enhance its presence in Ethereum's ecosystem and facilitate institutional adoption of on-chain real-world assets. This is Paxos' first integration with a layer-2 network, highlighting its commitment to expanding institutional adoption. The collaboration is expected to onboard real-world assets onto the blockchain, improving the accessibility and utility of digital assets for enterprises and institutions. The specific products to be rolled out on the network were not mentioned. The closure of a SEC investigation into Paxos over its Binance-branded stablecoin, Binance USD, allows the company to focus on its new initiatives.



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