Paxos Dives into Solana's Waters with Regulatory Nod

PAXOS won the SEC confrontation and will further consolidate its stablecoin status

Paxos and DBS Bank launch stablecoin: fully approved by the Monetary Authority of Singapore, predicting the market will grow 10 times

Paxos has secured MAS approval to issue stablecoins in Singapore, partnering with DBS for cash management and reserve custody, while refocusing its business strategy and reducing its workforce by 20%.

The stablecoin issuer Paxos is laying off 20% of its workforce and will focus on stablecoins and tokenizing real-world assets in the future

Paxos, a stablecoin issuer, is laying off 20% of its workforce despite having $500 million in liabilities, and plans to focus on stablecoins and tokenizing real-world assets in the future.

Paxos Launches New Interest-Bearing Stablecoin "USDL" with 5% Daily Yield - Can It Challenge USDT and USDC's Dominance?

Stablecoin issuer Paxos' subsidiary, Paxos International, announced yesterday the launch of a new stablecoin, USDL, which offers a 5% yield and is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market. The official statement indicated that USDL will be deployed on Ethereum, utilizing smart contracts to automatically distribute daily interest to eligible wallet addresses.

Paxos International to issue regulated interest-bearing stablecoin

The international unit of New York-based Paxos will issue a stablecoin pegged to the U.S. dollar, but it will not be issued in the United States.

Paxos Expands Stablecoin Reach to Solana

Paxos, expanding to Solana, faces regulatory challenges while growing partnerships and market presence.

Paxos Expands Global Reach with Regulatory Approvals in the Middle East

Paxos's recent regulatory approvals in the Middle East mark a significant leap in its global expansion. The company's commitment to compliance, transparent stablecoins, and strategic partnerships position it as a key player in the evolving landscape of the digital asset market. However, discussions about regulatory balance in the blockchain space underscore the cautious approach to decentralized financial systems.

Paxos Receives In Principle Approval From MAS For Issuing USD-Backed Stablecoin In Singapore

Paxos, announced today that it has obtained in-principle approval (IPA) from the Monetary Authority of Singapore (MAS).

PayPal Partner Paxos’ Oops Moment: The $510,750 Bitcoin Fee Bug

PayPal recently made headlines by overpaying an astonishing $510,750 as a Bitcoin transaction fee. According to their spokesperson, its infrastructure partner Paxos was responsible instead.

SEC Accuses Binance of Sending $20B in Commingled Funds to Paxos Foreign Affiliate

The court filing unveiled that Binance maintained multiple accounts at now-defunct Silvergate Bank and Signature Bank.