Paxos has introduced the Lift Dollar (USDL), a stablecoin backed by the US dollar that offers users on-chain yield from US Treasury bonds automatically and daily. It’s offered by a…
Browsing: Paxos
Paxos got approval to launch its Pax Dollar on Solana, aiming to offer its stablecoin beyond Ethereum starting from Jan. 17, 2024. Solana’s faster transactions and lower costs make it…
Significant partnership among Crypto.com, PayPal, and Paxos marks a novel frontier in PYUSD exchange and trading landscape. An endeavor rooted in prior integrations, geared towards propelling cryptocurrency accessibility and advancing…
Binance is encouraging users to convert their Binance USD (BUSD) holdings into other assets to phase out BUSD support by February 2024. Binance Labs is launching ColLabs, a Web3-focused platform…
PayPal, the major financial technology firm, has launched a U.S. dollar stablecoin, marking its entry into the digital currency ecosystem. The company’s shares jumped more than 2% following the announcement,…
Blockchain fintech company Paxos has partnered with online marketplace Mercado Libre to introduce the Pax Dollar (USDP) stablecoin to users in Mexico. The integration will enable transactions through MercadoPago, the…
Coinbase files an amicus brief in the SEC v Wahi case in support of the dismissal of the lawsuit. Coinbase argues that SEC uses old securities rules on a new…
Paxos CEO Charles Cascarilla has stated in an internal communication that Paxos would strongly contest in court that BUSD is not a security. Cascarilla also mentioned that Paxos is working…
With the subtle regulatory crackdown on Paxos and Binance, the crypto industry is on the edge. Industry leaders are convinced this turmoil will pass and advocate shunning FUD. While the…
Paxos said it categorically disagrees with the US SEC that BUSD is security. The stablecoin issuers said it is ready to explore litigation if need be. A new potential regulatory…
SEC has reportedly served stablecoin issuer Paxos Trust Co. a Wells Notice, alleging that it has violated protection laws in relation to the Binance USD (BUSD). According to the notice,…
Nubank has collaborated with Paxos, a blockchain infrastructure provider, to allow secure and seamless transactions. The new trading feature is expected to kickstart this May. Nubank, Brazil’s largest digital bank…
What is: Paxos Standard Token (PAX)? Stablecoins were the buzzword in the second half of 2018 and, due to the volatility of the crypto market, are an important but equally…