Paxos Reports Surging Demand for Stablecoin Infrastructure as Crypto Adoption Accelerates

Stablecoins are having a moment—and Paxos is cashing in.

The blockchain infrastructure provider is seeing record demand for its dollar-pegged token services as institutions scramble for crypto exposure without the volatility. TradFi players want in, but they’d rather not admit they’re late to the party.

Why the rush? Three words: yield, liquidity, and FOMO. While banks still pay 0.01% on savings accounts, stablecoins offer institutional-grade returns without the paperwork. No wonder hedge funds are ‘accidentally’ tripping over themselves to onboard.

Paxos isn’t alone in this gold rush. Circle and Tether have been printing stablecoins like central banks on espresso shots. But Paxos’ regulatory-first approach—they’re the teacher’s pet of NYDFS—gives them an edge with skittish CFOs.

One hedge fund manager (who definitely didn’t short BTC in 2020) put it best: ‘We’re not betting on crypto. We’re optimizing treasury management.’ Sure you are.

The bottom line? When Wall Street adopts your ‘niche tech’ so aggressively they start gaslighting themselves about why they’re doing it, you’ve won.