Paxos

Highlights: Paxos has fixed a major minting error after accidentally creating 300 trillion PYUSD. The PYUSD Mint incident caused a brief DeFi disruption before Paxos restored normal supply. Regulators and analysts have urged tighter controls after the Paxos error. Stablecoin […]

Highlights: Paxos has unveiled a USDH proposal with PayPal integration and an incentive program for adoption. Validators will vote on who will issue the stablecoin in a competitive selection process. Paxos will direct most reserve yield to HYPE token buybacks […]

Highlights: Paxos unveils USDH stablecoin, adhering to U.S. GENIUS Act and Europe’s MiCA. 95% of the USDH reserve interest will buy back HYPE tokens for redistribution. Paxos aims to expand Hyperliquid adoption globally, bridging crypto users and institutions. Stablecoin infrastructure […]

Highlights: Paxos seeks U.S. trust bank license to boost federal oversight. The approval would allow Paxos to hold assets and settle payments. The firm joins Ripple and Circle in applying for OCC trust charters. Paxos, the cryptocurrency firm behind PayPal’s […]

Highlights: Paxos has launched a stablecoin across the EU under MiCA rules. The stablecoin now meets strict EU rules with reserves held in European banks and full dollar redemption guaranteed. Platforms like Kraken and Gate now offer USDG stablecoin as […]

Highlights: Several top crypto firms are seeking U.S. banking licenses, leveraging growing regulatory support. Traditional banks like Bank of America and U.S. Bancorp are re-entering the crypto market. Deaton expresses surprise Ripple isn’t seeking a bank license amid its financial […]

Highlights: Leading fintech firms launched the Global Dollar Network to promote stablecoin adoption using Paxos’s USDG. USDG will initially be available on select platforms, with access expanding in the coming months. The network will tackle high transaction costs and improve […]

Highlights: Paxos launched USDG, a US dollar-backed stablecoin, under Singapore’s regulatory framework. The stablecoin is developed with DBS Bank, which manages USDG reserves and cash. USDG aims to enhance global stablecoin adoption for both crypto and regulated institutions. Digital assets […]

Highlights: Paxos launches a stablecoin payment platform, with Stripe integrating it to enhance global transactions. The platform enables instant USD and stablecoin conversions, supporting PYUSD, USDP, and USDC across multiple blockchains. Paxos aims to revolutionize payments by providing infrastructure for […]

Highlights: Paxos integrates with Arbitrum, marking its first venture into Ethereum’s Layer 2 network for on-chain asset adoption. Arbitrum’s speed and scalability make it a key partner for Paxos as it expands its regulated tokenization platform. The partnership aims to […]

Highlights: SEC ends investigation into Paxos BUSD with no enforcement action. Court ruling favoring Binance influenced SEC’s decision on BUSD. Paxos’ stablecoins are backed by US dollar reserves, ensuring customer asset safety. The US Securities and Exchange Commission (SEC) has […]