Toku has integrated Paxos Labs' Amplify DeFi platform, allowing employees to earn yields on their salaries immediately upon receipt. This integration aims to enhance stablecoin payroll solutions by offering yield-earning capabilities, attracting more users to stablecoin-based salary payments. Toku's API, used by payroll companies like ADP and Workday, processes over $1 billion in annual tokenized payroll transactions globally. The integration with Amplify enables employees paid in USDC, USDT, and USDG to earn yield without transferring funds to third-party services. Toku's wallet, using Stripe's non-custodial solution Privy, ensures employees maintain control over their funds, with no third-party access. Paxos Labs, a new on-chain development studio, recently launched Amplify, which includes modules for earning yield, crypto-backed loans, and stablecoin issuance. The studio has completed a $12 million funding round led by Blockchain Capital.
Toku Integrates Paxos Labs' Amplify to Offer Yield on Salaries
This content is for informational purposes only and does not constitute investment advice.
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