Tagged: paxos

September 10, 2024 @ 9:00 am By JD Alois  |  

Paxos and the Arbitrum Foundation say the infrastructure firm will now integrate with Arbitrum, a Layer 2 (L2) scaling solution for Ethereum. According to a company statement, Arbitrum is the first L2 network to connect with Paxos. Paxos is a compliance-first blockchain ecosystem that can… Read More

July 14, 2024 @ 8:04 pm By Omar Faridi  |  

Paxos, the regulated blockchain & tokenization infrastructure platform, announced that it received a formal termination notice from the US Securities and Exchange Commission (SEC) on July 9, 2024, stating that it will “not recommend enforcement action against Paxos Trust Company in the investigation of Binance… Read More

July 2, 2024 @ 12:38 pm By Omar Faridi  |  

Paxos, the regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to “offer digital payment token services as a Major Payments Institution.” The approval enables Paxos to “issue stablecoins… Read More

June 6, 2024 @ 7:57 pm By Omar Faridi  |  

Paxos International, a UAE-based affiliate of Paxos, announced the launch of a yield-bearing stablecoin – Lift Dollar (USDL). Issued by Paxos International, “a regulated entity under the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), USDL will be available to consumers in… Read More

May 30, 2024 @ 8:26 am By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that PayPal USD (PYUSD) is now available on the Solana blockchain, making PayPal’s stablecoin faster and cheaper to use. The availability of PYUSD on Solana provides users “with the choice of multiple blockchains allowing for increased flexibility and control.”… Read More

May 15, 2024 @ 8:22 am By Omar Faridi  |  

Paxos, the regulated blockchain and tokenization infrastructure platform, announced it has added J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors. A key figure in the financial services industry, and a passionate blockchain technology advocate,… Read More

March 6, 2024 @ 8:35 am By Omar Faridi  |  

Bullish, a digital asset exchanges, announced that its affiliate, BTH, has partnered with Paxos, the blockchain and tokenization infrastructure platforms. The collaboration offers traders and market makers “significant liquidity on the Bullish exchange for the regulated, PayPal USD (PYUSD), PayPal’s stablecoin issued by Paxos, and… Read More

February 7, 2024 @ 7:02 pm By JD Alois  |  

Institutional digital asset infrastructure firm Paxos is integrating Chainlink’s PayPal USD price feed to accelerate the tokenization economy. Paxos also wants to boost the adoption of PYUSD – a dollar-based stablecoin powered by Paxos and issued by PayPal. At the same time, Chainlink and Paxos… Read More

December 23, 2023 @ 3:22 pm By Omar Faridi  |  

Paxos, the regulated blockchain & tokenization infrastructure platform, is pleased to announce a strategic expansion of its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this initiative represents “a significant milestone for the innovation and evolution of Paxos’s enterprise and consumer-facing businesses.”… Read More

November 30, 2023 @ 4:51 pm By Omar Faridi  |  

Paxos, the regulated blockchain & tokenization infrastructure platform, secured the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) for “the necessary Financial Services Permissions to issue US dollar and other currency-backed stablecoins, as well as to… Read More

November 16, 2023 @ 8:26 am By Omar Faridi  |  

Paxos, the regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services. Paxos Digital Singapore will issue “a new US dollar… Read More

November 13, 2023 @ 9:25 am By JD Alois  |  

TD Securities, part of TD Bank Group, has hired Paxos to provide settlement for commodities, according to a corporate statement. Paxos is a top digital asset firm that pursued a compliance-first approach which has led it to ink partnerships with multiple large enterprises. TD, based… Read More

September 28, 2023 @ 8:29 pm By Omar Faridi  |  

Crypto.com announced it has teamed up with PayPal and Paxos to establish Crypto.com as a preferred PayPal USD (PYUSD) exchange. Crypto.com has already listed PYUSD on its platform “for both retail and institutional users, and is currently the crypto trading platform with the deepest liquidity… Read More

September 19, 2023 @ 12:04 pm By JD Alois  |  

Five-Year Stablecoin Milestone Announced by Paxos Paxos, a regulated digital asset firm that powers the tech behind multiple crypto firms, is reporting having topped $120 billion in stablecoin value (issued and redeemed) over the past five years of the company’s operation. Paxos, which is regulated… Read More

August 25, 2023 @ 9:57 am By JD Alois  |  

Earlier this month, PayPal (NASDAQ:PYPL), a top publicly traded Fintech, announced the launch of a dollar-based stablecoin PayPal USD or PYUSD. The stablecoin is being issued in partnership with Paxos, a top, regulated digital asset firm. Stablecoins are one of the most promising sectors of crypto…. Read More

August 7, 2023 @ 9:55 am By JD Alois  |  

PayPal (NASDAQ:PYPL), a top publicly traded Fintech, has announced the launch of a dollar-based stablecoin. According to a company statement, PayPal USD or PYUSD is a fully backed digital asset that holds cash, short-term US Treasuries, and similar assets issued in partnership with Paxos, a… Read More

July 26, 2023 @ 9:13 am By Omar Faridi  |  

Paxos recently noted that it was founded in 2012 at the dawn of cryptocurrencies, digital assets and tokenization. Their “ItBit Exchange” catered to financial professionals and businesses. They also allowed retail customers to access their platform as there “were few venues where people could safely… Read More

June 28, 2023 @ 9:00 am By JD Alois  |  

Digital asset firm Paxos has inked a deal to provide Mercado Pago with access to the stablecoin Pax Dollar (USDP). The Pax Dollar will now be available to Mercado Pago’s users in Mexico. Paxos shares that over 60 percent of its active wallets are currently… Read More

June 21, 2023 @ 2:28 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure platform for enterprises, continues driving value for its commodities market clients through its Post-Trade and Settlement solutions. Financial institutions that deploy Paxos’ Post-Trade and Settlement solutions see “an average 300% return on investment (ROI) within two years due to enhanced… Read More

June 5, 2023 @ 8:01 pm By Omar Faridi  |  

Paxos, the regulated blockchain infrastructure and tokenization platform for enterprises, continues driving the growth of digital assets in Brazil and broader Latin America “through its partnerships with local, regional, and global enterprises.” Over the last 18 months, Paxos has “seen increasing demand for its products… Read More