Paxos | ForkLog

ForkLog 226 16.10.2025

Paxos Accidentally Mints 300 Trillion PYUSD

On October 15, the infrastructure provider for stablecoins, Paxos, inadvertently minted 300 trillion PYUSD for PayPal.

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ForkLog 174 07.09.2025

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.

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ForkLog 37 29.04.2025

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 […]

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ForkLog 21 05.11.2024

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, […]

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ForkLog 9 12.07.2024

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 […]

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ForkLog 8 13.06.2024

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.

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ForkLog 11 06.06.2024

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), […]

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ForkLog 31 17.04.2024

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 […]

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ForkLog 13 22.12.2023

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.

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ForkLog 7 15.12.2023

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.

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ForkLog 7 16.11.2023

Paxos to launch new U.S. dollar-backed stablecoin

The infrastructure blockchain company Paxos has received in-principle approval from MAS to issue a new U.S. dollar-backed stablecoin.

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ForkLog 9 14.09.2023

Media identify Paxos as the sender of a Bitcoin transaction with a $510,000 fee

The sender of the Bitcoin transaction with an enormous fee of $510,000 turned out to be the infrastructure blockchain company Paxos.

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