Search Results for "paxos"
Paxos Launches Global Dollar (USDG) Stablecoin in the EU
Paxos introduces the Global Dollar (USDG), a compliant stablecoin, to the European Union. The launch aligns with MiCA regulations, enhancing the digital dollar ecosystem across the continent.
Paxos Resolves Compliance Issues with NYDFS, Pays $26.5M Penalty
Paxos has reached a resolution with the NYDFS regarding historical compliance issues, resulting in a $26.5 million penalty, concluding its prior partnership with Binance.
Paxos Announces Wind-Down of USDL Lift Dollar Stablecoin
Paxos plans to wind down its USDL Lift Dollar stablecoin by December 2025, with a focus on new financial initiatives. The process will be overseen by the FSRA of ADGM.
Paxos Integrates USDG Payroll with Toku for Seamless Employee Transactions
Paxos collaborates with Toku to enable employees to receive salaries in USDG through existing payroll systems, enhancing the accessibility of stablecoins.
Binance sees surge in withdrawals amid spooked investors
Investors have pulled billions from Binance in the past day due to US Securities and Exchange Commission and New York Department of Financial Services action against BUSD and Paxos.
Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout
Facebook is launching Novi digital wallet. The social giant has hired Coinbase to serve as a custody partner.
Paxos Trust Company Disagrees With U.S. Securities
Paxos, a stablecoin issuer, received an SEC Wells notice earlier this month and "categorically denies" that BUSD is a securities.
Paxos Identifies Key Opportunities During Crypto Winter
Blockchain infrastructure provider Paxos has published a report identifying opportunities for crypto projects during the current market conditions, including seeking solutions and partnerships. The report highlights the usefulness of stablecoins while acknowledging the need for greater transparency. Partnerships with businesses addressing real-world needs were also deemed important. The CEO of the Stellar Development Foundation suggested that regulating stablecoins may be necessary to maintain a strong dollar, while a recent Bank of International Settlements report deemed stablecoins a less preferable form of tokenized money.
Paxos’ Blockchain Settlement Platform Goes Live with Settling Credit Suisse and Instinet Trades
New York-regulated stablecoin issuer, Paxos, launched its blockchain-based settlement platform, after announcing the service in late 2019. The new service enables settlement of US-listed equity trades between broker-dealers Swiss financial services firm Credit Suisse and Nomura Group-backed Instinet.
Paxos—Regulated and Rising above Trustless Tether and Lost Libra
In this second part of our interview with Cascarilla, he explains why the PAX stablecoin is ultimately superior to Tether and gives his thoughts on Facebook’s Libra project and the nature of money.
Brazil's Fintech Giant Nubank Now Offers Crypto Trading
Sao Paolo-based digital banking giant, Nubank has veered into the cryptocurrency trading ecosystem with initial support for Bitcoin and Ethereum.
Mastercard Enhances Crypto Wallet and Exchange Business
Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to convert crypto and traditional fiat money more accessible.