Stablecoin Issuer Paxos Names Lim Executive Director in Singapore [BNN Bloomberg (Canada)]
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PayPal Holdings, Inc. (PYPL)
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Source: BNN Bloomberg
“Jeannie will be responsible for developing and driving Paxos' strategic vision and goals for the APAC region,” a spokesperson at New York-headquartered Paxos wrote in an email. “She'll oversee new business opportunities and partnerships, as well as manage continued engagement with key clients, partners, regulators and the like throughout the region.” Stablecoins are mostly used by crypto traders to move digital assets between exchanges, or as a means of storing wealth away from token price volatility. Rich Teo, co-founder and former chief executive officer of Paxos in Asia, remains a member of the board. Paxos employees were notified in February that Teo would be “transitioning out of his day-to-day role” at the company. Teo and Charles Cascarilla co-founded Paxos in 2012, and it raised $300 million in a funding round led by Oak HC/FT. Paxos announced Monday that its Singapore entity, Paxos Digital Singapore Pte. Ltd., has received approval from the Monetary Authority of Singa
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- PayPal Holdings, Inc. (NASDAQ: PYPL) was upgraded by analysts at Susquehanna from a "neutral" rating to a "positive" rating. They now have a $71.00 price target on the stock.MarketBeat
PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 7/3/24 - Form 4
- 7/3/24 - Form 3
- 6/28/24 - Form 8-K
- PYPL's page on the SEC website