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Nalezeno "paxos": 365

Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year


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...

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin


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...

Transak Lists Paypal’s PYUSD for Easier Crypto Access


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


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...

Lift Dollar, a new stablecoin from Paxos International


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...

Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields


The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets...

Former CFTC Chair Christopher Giancarlo Joins Paxos Board of Directors


Paxos, a leading regulated blockchain and tokenization infrastructure platform, has appointed J. Christopher Giancarlo, the former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors. The post Former CFTC Chair Christopher Giancarlo Joins Paxos Board...

'CryptoDad' Giancarlo Joins Paxos Board


Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission who has been a public advocate for the cryptocurrency sector, to its board of directors, the company told CoinDesk

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