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CoinOtag 2024-06-13 14:26:44

Paxos Shifts Focus to Tokenization and Stablecoins Amid Strategic Workforce Reduction

Paxos, a leading cryptocurrency firm, has recently conducted significant layoffs, affecting 65 employees, which constitutes around 20% of its workforce. This move is part of Paxos’ strategy to concentrate on high-potential areas of tokenization and stablecoins, aligning with its long-term goals despite a stable financial footing. CEO Charles Cascarilla emphasized the company’s sustained financial strength

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