Odaily Odaily reports that Paxos Labs has spun off from stablecoin issuer Paxos and raised $12 million in funding. The round was led by Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi developer Uniswap Labs. Paxos Labs co-founder Bhaumik Kotecha declined to disclose the valuation of the round. Paxos CEO Chad Cascarilla is also the CEO of Paxos Labs. Paxos Labs will primarily provide services to large enterprises, enabling them to create and manage their own stablecoins. (Fortune)
Paxos Labs raises $12 million, led by Blockchain Capital.
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