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Paxos will allow employees to receive their salaries in the stablecoin USDG.
PANews, October 23 news, reported by Blockworks, that Paxos is launching a feature allowing employees to receive part of their salary in the stablecoin USDG due to an integration partnership with Toku. This integration will use the same payroll distribution platform—ADP and Workday—but allows employees to receive USDG directly into their personal Wallet. For employees who choose to receive their salary in USDG, unlike traditional payroll checks, the Settlement will be completed instantly. There is no need to wait to receive the stablecoin. Paxos stated in a press release: “By adopting USDG for our team's salary distribution, Paxos provides users with the most direct way to encounter and experience USDG in their daily lives. As more and more companies integrate Toku's salary distribution channel, thousands of employees worldwide will be able to directly receive USDG at the source of their income.”