According to Crypto Rover, major cryptocurrency companies Coinbase, Circle, BitGo, and Paxos have applied for U.S. banking licenses. This move could significantly influence the crypto markets by potentially increasing institutional trust and investment. Analysts suggest this may lead to greater stability and adoption of cryptocurrencies like Bitcoin and Ethereum, as these firms could offer more traditional banking services alongside crypto transactions. Source: Crypto Rover.

According to Crypto Rover, Visa has joined the Global Dollar Network (USDG), a stablecoin group led by Paxos, alongside Robinhood, Kraken, and Galaxy Digital. This move is expected to be bullish for global crypto adoption as it integrates major financial players into the cryptocurrency ecosystem, enhancing liquidity and trust. The collaboration with established entities like Visa could catalyze further mainstream acceptance of stablecoins, particularly USDG, providing traders with more robust options for transactions and holdings.

According to @justinsuntron, the legitimacy of a blockchain can be assessed by the number of native stablecoins issued by major players like Circle, Tether, or Paxos. It is noted that both ADA and XRP currently have no stablecoins issued by these major entities, which could influence traders' perception of their legitimacy.

According to ZachXBT, Paxos, Tether, and Techteryx are recognized for their proactive measures in the cryptocurrency space. This suggests that these entities may be ahead in terms of regulatory compliance and operational strategies, which could influence their stability and attractiveness to traders.

According to ZachXBT, traders can verify if Paxos has blacklisted a BUSD address by following these steps: 1) Go to the BUSD contract on Etherscan, 2) Click 'read as proxy', and 3) Scroll down to function 15, 'Is frozen', and copy-paste the address in question.

According to @zachxbt, four stablecoin issuers—Paxos, Tether, Techteryx, and Circle—have blacklisted two addresses associated with the Lazarus Group, freezing $4.96 million. Additionally, another $1.65 million has been frozen.