Paxos Accidentally Mints 300 Trillion PYUSD
On October 15, the infrastructure provider for stablecoins, Paxos, inadvertently minted 300 trillion PYUSD for PayPal.Latest news about Paxos and its stablecoin Pax Dollar (USDP).
Paxos Accidentally Mints 300 Trillion PYUSD
On October 15, the infrastructure provider for stablecoins, Paxos, inadvertently minted 300 trillion PYUSD for PayPal.
Paxos to Launch Stablecoin for Hyperliquid Ecosystem
The stablecoin infrastructure provider Paxos has unveiled a proposal to launch USDH, the first "stablecoin" in the lineup of the largest decentralized crypto derivatives exchange, Hyperliquid.
Mastercard Embraces Stablecoin Payments
Payment giant Mastercard has announced a partnership with Circle, Paxos, and Nuvei. This collaboration enables 150 million merchants in its network to accept stablecoins, regardless of the customer’s payment method. Today, we announced our end-to-end capabilities to support stablecoins, ensuring payments can be made or received using them — anytime, anywhere. Alongside proven leaders across […]
Paxos, Robinhood, and Kraken Collaborate to Promote USDG Stablecoin
Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have joined forces to establish a “global dollar network.” [4/4] This is just the beginning. Join the new frontier: https://t.co/lKjnbabUaJ pic.twitter.com/ugHpsFJYZS — Paxos (@Paxos) November 4, 2024 The Global Dollar Network aims to accelerate the adoption of stablecoins worldwide. At its core is a “new, […]
SEC Concludes Investigation into BUSD
The issuer of Binance’s BUSD stablecoin, Paxos, has received a notification from the SEC indicating no plans for enforcement action. In February 2023, the NYDFS initiated an investigation into the firm. Later, the regulator ordered Paxos to cease issuing BUSD. The SEC also announced its intention to sue the company. The Commission’s notice claimed the […]
Paxos Reduces Workforce by 20% Despite Strong Financial Position
Paxos has laid off approximately 20% of its staff, despite maintaining a “strong financial position,” as reported by The Block.
Paxos Unveils 5% Yield Stablecoin USDL
Paxos has introduced the Lift Dollar (USDL) stablecoin, offering holders a “risk-free” yield of approximately 5%. The issuer of this “stablecoin,” Paxos International, is regulated in the UAE by the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). The token is not intended for residents of the US, UAE (except ADGM), […]
Trader Loses $529,000 as USDP Stablecoin Surges Above $1.18
On April 16, the price of Paxos’ stablecoin USDP soared past $1.18. This deviation from its peg resulted in the liquidation of $529,000 USDC for one trader, according to PeckShield. #PeckShieldAlert #Liquidation An address (0x09a5…a87f) was liquidated ~529K $USDC after $USDP (Pax Dollar) surged to $1.18 pic.twitter.com/UbWxx8kZU4 — PeckShieldAlert (@PeckShieldAlert) April 17, 2024 The anomaly […]
Paxos to Launch USDP Stablecoin on Solana Network
The infrastructure blockchain company Paxos announced the launch of the 'stablecoin' USDP on the Solana network from 17 January 2024.
Paxos notes TradFi interest in digital assets
Paxos: 99% of surveyed US-based financial-services firms in 2023 gave at least the same level of attention to crypto projects as in previous years.We use cookies to improve the quality of our service.
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