Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer

Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer

Paxos, the stablecoin and blockchain infrastructure firm, has long worked with major companies like PayPal and Nubank. More recently, Paxos created a spin-off operation known as Paxos Labs that has a focus on the specialized world of DeFi and helps companies offer their retail customers access to stablecoins and crypto lending protocols. On Tuesday, Paxos Labs announced that it raised a $12 million funding round led by longtime crypto venture in…

Paxos Labs to use $12M raise toward yield, lending, issuance tools

Backed by Blockchain Capital, the Amplify suite aims to enable platforms to generate yield and offer lending using customer-held digital assets.

Paxos Labs Raises $12M to Build Yield, Lending, and Issuance Tools

Paxos Labs has raised $12 million in a strategic funding round led by Blockchain Capital to scale Amplify, a modular platform designed to bring crypto yield, lending, and stablecoin issuance into a single, developer-friendly integration. The Amplify stack comprises three modules—Earn, Borrow, and Mint—built to help platforms convert idle digital-asset balances into revenue-generating financial services while offering a unified path for onboardin…

Paxos Labs Raises $12M to Launch Crypto Yield and Lending Platform

Paxos Labs raised $12 million to expand its Amplify platform, enabling companies to offer crypto yield, lending and stablecoin services through a single integration.

Paxos Labs raises $12M, launches Amplify platform for onchain finance

Paxos Labs funding brings in $12 million to expand Amplify, a platform for yield, borrowing, and branded stablecoin issuance. The post Paxos Labs raises $12M, launches Amplify platform for onchain finance appeared first on Crypto Briefing.