Tagged: charles cascarilla

Open Road: Paxos Receives No Action Letter from the SEC Pertaining to Paxos Settlement Service

On October 25, 2019, Paxos sent a letter to the Securities and Exchange Commission (SEC), Division of Trading and Markets. The letter was in request to receive a No Action letter from the SEC in regards to Paxos’s operation of a securities settlement system. Paxos… Read More

Stablecoin Paxos Tops $5 Billion in Transactions in Just 3 Months

Paxos, and its stablecoin Paxos Standard token (PAX), has topped $5 billion in transactions in just three months, according to a note from the company. PAX says that to date it has been used in $5,245,958,124.65 worth of transaction volume, including exchange trading volume and… Read More

New York Department of Financial Services Approves Gemini & Paxos Stablecoins Pegged to US Dollar

The New York Department of Financial Services (DFS) says they are continuing to foster responsible growth in the Fintech sector following the authorization of stablecoins issued by both the Gemini Trust Company and Paxos Trust Company. The Gemini Dollar will be pegged to the US… Read More

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