December 23, 2024

Rise To Thrive

Investing guide, latest news & videos!

Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch

1 min read
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin LaunchAccording to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off 65 employees, which accounts for 20% of its staff. The information was […]