Mentioned:
Paxos wants in on the opportunity in Dogecoin. And they are partnering up with the official corporate arm of the Dogecoin Foundation to do it.
What’s happening:
- Paxos and the official corporate arm of the Dogecoin Foundation House Of Doge have formed a new strategic partnership focused on integrating Dogecoin throughout Paxos’ crypto brokerage and custody infrastructure
Why it matters:
- Paxos provides regulated blockchain infrastructure for PayPal (NASDAQ: PYPL), Interactive Brokers (NASDAQ: IBKR), MercadoLibre (NASDAQ: MELI) and Revolut
Going deeper:
- Paxos and House of Doge have both publicly stated their new partnership will enable Dogecoin to now be available for distribution across Paxos’ global network of brokerages, banks and payment platforms in more than 150 different countries
- Paxos also just recently made major waves on Wall Street when the United States Securities and Exchange Commission officially registered their subsidiary Paxos Securities Settlement as a clearing agency to be able to settle and clear securities trades directly on the blockchain
The intrigue:
- House of Doge is currently in the process of completing a reverse merger with Brag House Holdings (NASDAQ: TBH) to become a publicly traded company on the Nasdaq
