The firm noted that the Amplify stack provides tools for embedded yield, crypto-backed borrowing and branded stablecoin issuance, supported by a US$12m raise led by Blockchain Capital.
Paxos Labs said that it has launched Amplify, a financial utility stack designed to enable platforms to convert digital assets into functional financial products. Amplify provides access to embedded yield, digital asset-backed borrowing and branded stablecoin issuance The firms also said that it has raised US$12m in a strategic funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom and Uniswap. It plans to use the capital to accelerate development of