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New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
4.11.2024
The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei
Paxos launches USD-backed USDG stablecoin with DBS Bank
1.11.2024
Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework
Stablecoins essential for US dollar’s future, says Paxos CEO
29.10.2024
In an open letter to Donald Trump and Kamala Harris, Charles Cascarilla highlighted the role of stablecoins in maintaining the US dollar’s global dominance and improving banking efficiency
Fireblocks Launches $1M Grant Program to Promote Paypal’s PYUSD Adoption
26.10.2024
Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage...
Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer
16.10.2024
Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’...
Paxos debuts new stablecoin payment platform with Stripe
15.10.2024
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said
Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months
30.8.2024
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug....
PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana
26.8.2024
The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth
Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year
26.8.2024
On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued on Solana. Paypal’s PYUSD Surpasses $1 Billion Market Cap Recent...
Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth
17.7.2024
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million....
SEC will not pursue enforcement action against Paxos
11.7.2024
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security
SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
11.7.2024
The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning...
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
2.7.2024
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory...
Paxos gains approval for Singapore stablecoin launch with DBS partnership
2.7.2024
Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
2.7.2024
The Monetary Authority of Singapore released its stablecoin framework last year
Transak Lists Paypal’s PYUSD for Easier Crypto Access
18.6.2024
According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak...
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
16.6.2024
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off...
Paxos Cuts 20% of Staff: Reports
13.6.2024
Bloomberg report says the company will have an increased focus on tokenization
Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race
10.6.2024
Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD
Lift Dollar, a new stablecoin from Paxos International
6.6.2024
The new project exemplifies Paxos International’s dedication to supporting widespread stablecoin usage and industry expansion. The most notable advantage of the new offering is that investors will profit from the yield obtained on reserves. The new product introduction serves to solidify...