Financial technology firm Paxos argues that tokenized dollars—not Bitcoin or NFTs—will ultimately drive worldwide cryptocurrency adoption. According to Paxos product head Ronak Daya, stablecoins provide the essential foundation that will allow all other digital assets to flourish.
Paxos, which launched its first stablecoin back in 2018, has spent years developing dollar-pegged tokens and other digital assets like tokenized gold. Daya explains that these stable assets demonstrate how commodities and money can “move and settle digitally at scale,” creating trust and efficiency.