CryptoBullishFortune Crypto · Apr 146/10
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Exclusive: Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer
Paxos Labs, a newly spun-off entity from stablecoin issuer Paxos, has raised $12 million in funding with CEO Charles Cascarilla leading both organizations. The spinoff represents a strategic separation that allows the labs division to operate independently while maintaining ties to its parent company's stablecoin infrastructure and expertise.
