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Paxos gains approval to operate in Singapore
![Paxos gains approval to operate in Singapore](https://kryptochannel.com/wp-content/uploads/2022/11/Paxos-gains-approval-to-operate-in-Singapore.webp)
Paxos has acquired a license from the Monetary Authority of Singapore, to provide digital payment token services. Paxos is the issuer of the Pax Dollar (USDP), a stablecoin on the Ethereum blockchain, tied and collateralized 1:1 by the US dollar.
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