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Now that the cat is out of the bag, I’m excited to officially announce that we’ve been acquired @nucleusearn to lead the newest initiative in the Paxos family, @paxoslabs! I will be joining as one of the co-founders of the new initiative, alongside @JunKim831 and @bhau___. My inspiration for working in crypto began when I asked myself why my grandfather, who was a business owner freshly immigrated to the US, wasn’t able to access the same financial rails that I saw were available to so many others around me. At that moment, the vision for crypto and DeFi instantly clicked for me. The freedom to bring any financial product to life, for anyone in the world, with no barriers to entry was a dream come to life. With that dream came a conviction, a vision that it was inevitable that the global financial market would eventually settle onchain. And so when the opportunity came knocking to help lead @paxoslabs, it was a no-brainer. Paxos has been at the forefront of crypto innovation on the global stage for over a decade, working with the largest enterprises in the world to help them take their first step into the crypto ecosystem. With more entering the market by the day, we recognize that the first step will not be enough. Our goal at Paxos Labs is to support the entire enterprise journey in creating crypto-powered experiences. With Paxos Labs, enterprises can take the step beyond stablecoin issuance and acceptance to deliver full onchain financial experiences for their users. From branded stablecoins to creating compliant money markets, servicing yield on stablecoins, and more, we’ll be there every step of the way. If you’re interested in learning more about how to empower your enterprise with onchain financial infrastructure or if you’re in crypto ecosystem already and looking to partner with us, please feel free to reach out! And finally, a massive shoutout to everyone who has been with us on the journey since we started. From my illustrious co-founder @JunKim831 to our earliest investors to the team that has helped make this all happen, I’m eternally grateful to you all and I am looking forward to bringing everyone together on the next step of our journey!

PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD. With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains.