Paxos, a managed crypto infrastructure platform, has announced its new stablecoin payments platform, with Stripe as its first customer.

This innovative solution supports Stripe’s Pay with Crypto product, allowing merchants to seamlessly accept stablecoin payments.

By leveraging Paxos' comprehensive infrastructure for integration, payments, conversion, and settlement, businesses can reduce costs and expand their international reach with global payments.

The platform supports instant conversion between USD and a variety of stablecoins, including PYUSD, USDP, and USDC, facilitating efficient transactions across the Solana and Ethereum networks.

Ronak Daya, Head of Product at Paxos, emphasized that stablecoins represent the future of payments, providing instant, secure, and low-cost payment options.

John Egan, Head of Crypto at Stripe, expressed excitement about the partnership, emphasizing the goal of making payments easier and more affordable for businesses around the world.

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