A brewing stablecoin fragmentation war between tech giants has caught the attention of startup Paxos, which is looking to capitalize on the trend.
The company's flagship product, Pax Dollar (USDP), is a dollar-pegged stablecoin that aims to compete with other major stablecoins like USDT and BUSD.
Paxos CEO Rich Rosenblum stated that their goal is to become one of the top three stablecoins in the market.
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