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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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Paxos launches Stable Coin payment platform
Odaily Planet Daily News According to official sources, the blockchain and tokenization infrastructure platform Paxos announced the launch of the Stable Coin payment platform. Stripe's Pay with Crypto product is supported by Paxos's Stable Coin payment infrastructure, making it easier for merchants to accept Stable Coin payments. Paxos supports instant conversion between USD and PYUSD, USDP and USDC when receiving payments, expenditures, and refunds. Users can choose to immediately convert to legal tender coin and Settlement in local currency such as USD, or directly pay the Stable Coin balance to the merchant. The merchant can issue refunds by immediately converting the legal tender coin to the original Stable Coin and then sending it directly to the wallet used for the initial payment. This solution supports PYUSD and USDP through on-chain transfers on the Solana and Ethereum networks, as well as USDC through Ethereum, Solana, and Polygon.