Paxos: Demand for stablecoin infrastructure is surging

Odaily News Walter Hessert, Paxos' head of strategy, said the company has seen a huge increase in demand for stablecoin infrastructure overall, and companies such as Mastercard have recognized the need for stablecoins. The credit card giant is using the power of its global franchise to support a growing portfolio of regulated stablecoins from issuers around the world. In addition, the Global Dollar Network promotes the adoption of stablecoins by enterprises through USDG, providing some companies with opportunities for "shared ownership and shared economy" and helping companies find product-market fit. (Blockworks)