Standard Chartered Bank will provide cash management, trading, and custody services for offshore Paxos stablecoin.

Odaily Planet Daily News, Standard Chartered Bank announced that it will provide cash management, trading, and custody services for Paxos stablecoins issued outside the United States. Paxos issued Lift Dollar (USDL) (market capitalization of $54 million) in Abu Dhabi and Global Dollar (USDG) (market capitalization of $29 million) in Singapore. Además, Paxos también ha emitido PayPal USD (PYUSD) y otras monedas estables en tierra firme, pero estas monedas estables no forman parte del arreglo mencionado anteriormente.