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CoinGape 2024-06-12 21:56:52

Crypto Firm Paxos Trims Workforce by 20%, Shifts Focus to Stablecoins

Paxos, a stablecoin issuer, has reduced its workforce by approximately 20%, to 65 positions. According to an internal email from Charles Cascarilla, the CEO, this decision is made even though the company has strong financial backing, with more than half a billion dollars on its balance sheet. Paxos Trims Workforce by 20%, In an email The post Crypto Firm Paxos Trims Workforce by 20%, Shifts Focus to Stablecoins appeared first on CoinGape .

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