Paxos: Demand for stablecoin infrastructure is increasing

Walter Hessert, the strategy chief of Paxos, stated that the company has seen a significant increase in demand for stablecoin infrastructure overall and that companies like Mastercard have acknowledged the necessity of stablecoins. The credit card giant is leveraging its global franchise power to support a growing portfolio of regulated stablecoins from issuers around the world. Additionally, the Global Dollar Network is encouraging businesses to adopt stablecoins through USDG, offering some companies opportunities for "shared ownership and sharing economy" and helping companies find their product-market fit. PAXG