Paxos says it “mistakenly minted” $300T of PayPal's PYUSD stablecoin on October 15 on the Ethereum blockchain and then “burned” the tokens 20+ minutes later
Crypto industry observers were baffled Wednesday afternoon when an on-chain transaction showed that Paxos …
PayPal adds its PayPal USD stablecoin, launched on Ethereum in August 2023 and issued by Paxos, to Solana; PYUSD currently has a nearly $400M market cap
- The payments company launched PYUSD on Ethereum in August — PayPal chose Solana for speed and low cost, despite outages
Paxos plans to expand its products to the Solana blockchain on January 17, 2024, after receiving approval from the New York Department of Financial Services
Leo Schwartz / Fortune :
Paxos plans to expand its products to the Solana blockchain on January 17, 2024, after receiving approval from the NY financial regulator
The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on January 17, 2024.
Abu Dhabi is becoming a popular destination for crypto companies, including Copper, Phoenix, Paxos, and eToro, seeking eager investors and friendlier regulators
Emily Nicolle / Bloomberg :
A Bitcoin user seems to have accidentally paid a record $3M fee for a $5M transaction and sent $2M; in September, Paxos paid $500K, now returned, to send $2,000
A Bitcoin user seems to have accidentally paid a record $3M fee for a $5M transaction and sent $2M; in September, Paxos paid $500K, now returned, to send $2,000
Someone accidentally paid over $3 million in fees to send $2 million in BTC. — A luckless Bitcoin sender seemingly made a costly mistake …
PayPal debuts PYUSD, a Paxos-issued stablecoin and fully backed by USD deposits, short-term Treasuries, and cash equivalents, rolling out to US users gradually
- PayPal USD will be pegged to dollar, issued by Paxos Trust — Stablecoins have yet to take off in consumer-payment sector
Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21
Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin's reserves …