Stablecoin issuer Paxos to acquire wallet startup Fordefi for over $100 million

Paxos, the veteran stablecoin and blockchain infrastructure company, is leaning more into DeFi. On Tuesday, the company announced that it had acquired Fordefi, a New York-based startup that helps customers store their digital assets. The acquisition cost more than $100 million, according to a Paxos spokesperson, who declined to elaborate on the terms of the … Continue reading Stablecoin issuer Paxos to acquire wallet startup Fordefi for over $100 million