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 .