Paxos has announced an integration plan with the Stellar network, and expects to introduce its assets to the Stellar network by the end of 2024. Stellar is an open source blockchain platform focused on payments and remittances. Paxos's move is aimed at promoting the adoption of regulated institutional stablecoins. Through its partnership with the Stellar Development Foundation, Paxos intends to expand its assets to the Stellar network, which will not only increase the adoption rate of the Stellar network, but also open up more payment and remittance application scenarios for Paxos.

However, this integration is not without challenges. Paxos needs to ensure the secure transfer of assets between the two networks, maintain network stability, and meet regulatory compliance requirements. In addition, the Stellar network recently upgraded to Protocol 21 and implemented five new core improvement proposals to improve network efficiency and cost-effectiveness, creating a more efficient and scalable network environment for the introduction of Paxos assets.