Paxos: The demand for stablecoin infrastructure is surging.

Walter Hessert, head of strategy at Paxos, said the company has seen a huge increase in demand for stablecoin infrastructure overall, with companies such as Mastercard recognising the need for stablecoins, and the credit card giant is using the power of its global franchise to support a growing portfolio of regulated stablecoins from issuers around the world. In addition, the Global Dollar Network, which promotes corporate adoption of stablecoins through USDG, provides opportunities for some companies to “share ownership and the sharing economy” and helps businesses find a product-market fit. （Blockworks）