Paxos announces expansion to Arbitrum and will launch products on Arbitrum One

ChainCatcher news, according to The Block, Paxos announced its expansion to the Ethereum Layer 2 network Arbitrum and launched its products on Arbitrum One.

While it is still unclear what specific products Paxos will launch on Arbitrum, Luke Xiao, head of fintech partnerships at Arbitrum developer Offchain Labs, stated in a statement on Tuesday that Paxos has decided to bring its stablecoin issuance and regulated tokenization platform to Arbitrum.