Paxos applies to create a US national trust bank, which would let it manage and hold assets on behalf of customers, following Circle's and Ripple's applications
Here's why that matters Paxos : Paxos to Pursue National Trust Charter with the Office of the Comptroller of the Currency Ronaldo Marquez / Bitcoin Insider : Paxos Applies To Establish National Trust ...
Robinhood, Kraken, and others unveil the Global Dollar Network to accelerate stablecoin usage and launch USDG, a Paxos-issued stablecoin pegged to the US dollar
Hannah Lang / Reuters :
The US SEC drops its investigation into Paxos over its BUSD stablecoin issued in partnership with Binance, after sending Paxos a Wells notice in February 2023
As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins …
The Monetary Authority of Singapore awards Paxos and StraitsX with in-principle license approvals to issue stablecoins pegged to local dollars or a G10 currency
Suvashree Ghosh / Bloomberg :
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, as “Paxos halted minting of new BUSD” after an NYDFS order in February 2023
Jamie Crawley / CoinDesk :
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, citing Paxos ceasing to mint new BUSD after an NYDFS order in February 2023
The move follows Paxos' decision to halt minting of new BUSD. — Cryptocurrency exchange Binance said it will …
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
Press Releases — McHenry Statement on PayPal Announcing Launch of Payment Stablecoin Shaurya Malwa / CoinDesk : PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum Tim Copeland / The B...
Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe, and Gemini suspend business operations with Silvergate, which reported being “less than well-capitalized”
Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank.
Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties
Firm will continue to manage redemptions of the product — New York regulators directed a crypto company to stop issuing …
Source: PayPal is pausing work on its stablecoin as regulators increase their scrutiny of cryptocurrencies and its key partner Paxos faces a probe in New York
PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner …