At Wyre, we are on a mission to lower the barriers to entry for fintech-crypto entrepreneurs by offering them compliant ports into a regulated fiat world. As part of this ongoing effort, today, we are excited to bring Paxos Standard (PAX) stablecoins to the Wyre ecosystem!
Paxos, the firm behind regulated stablecoins like PAX and BUSD has been at the forefront of stablecoin innovation, leading the charge into more diverse collateral, recently launching a gold-backed stablecoin (PAXG).
Through this offering, we hope to provide developers everywhere with a compliant, stable foundation for native PAX integrations. By facilitating in-platform on and off ramping, Wyre’s API’s will shorten the distance between PAX and its users, giving developers everywhere the tools they need to integrate PAX into applications anyone can use.
Issued by Paxos Trust Company LLC, a regulated New York Department of Financial Services Trust company, all PAX is pegged to the U.S. dollar. U.S. dollar deposit balances are examined monthly by Withum, a registered public accounting firm, to verify the 1:1 peg. All Independent Accountants’ Reports are published and available here.
Starting today, all Wyre partners and users of Wyre will have access to PAX across the Wyre platform. PAX can be instantly purchased through theWyre Checkout using credit cards, debit cards, and Apple Pay** in 57 countries. Fiat to PAX in seconds; no account necessary.
** Apple Pay is only supported in select countries as designated by Apple.
To learn more about Wyre Checkout & Payment API for PAX, please contact sales@sendwyre.com
