Tagged: paxos

Paxos Appoints Former CFTC Chair J. Christopher Giancarlo to Board of Directors

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

Digital Asset Exchange Bullish Teams Up with Tokenzation Platform Paxos

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

Paxos Aims to Accelerate the Tokenization of Real World Assets by Integrating Chainlink’s PayPal USD Price Feed

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

Paxos Announces Expansion of Stablecoin Issuance to Solana Blockchain Platform

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

Stablecoins: Paxos Secures In-Principle Approvals of Financial Services Regulatory Authority in Abu Dhabi Global Market

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

Paxos Obtains In Principle Approval from MAS for New Entity, Will Issue USD-Backed Stablecoin in Singapore

Singapore at Night Marina Bay

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

Regulated Digital Asset Firm Paxos Enlisted by TD Securities to Provide Commodity Settlement

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

Crypto.com, PayPal and Paxos to Enable PayPal USD (PYUSD) Transactions

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

Paxos Reports $120 Billion in Stablecoin Value on Five Year Anniversary

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

Is PYUSD a Flop So Far? Nansen Says Few People Using PayPal’s Dollar Based Stablecoin

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

PayPal Announces US Dollar Stablecoin, Congressional Leader Says Stablecoins Hold Promise

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

Digital Assets: Paxos to Focus on Enterprise Platform, Will End Support for Legacy itBit Services

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

Paxos to Provide Pax Dollar to Mercado Pago

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

Paxos Settlement Service Reports 300% ROI as Trading Volumes, Interest Rates Rise

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

Blockchain Platform Paxos Offers Brazilian, Latin American Enterprises Regulated Access to Digital Assets

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

Paxos Gains Neobank Fierce as Customer

Digital asset enabler Paxos has been recruited by Fierce to provide crypto services. Fierce is a neobank that offers a “super app” that includes an FDIC-insured checking account, a no-fee Debit Card, fractional stock, ETF trading, and more. Fierce banking services are provided in partnership… Read More

Paxos Thinks Crypto Winter Will End Up Being the Savior of Digital Assets

Digital asset platform Paxos is out with a white paper entitled “How the Crypto Winter May Help Save the Digital Asset Economy.”  The thesis of the document is that all of the recent fraud and failure within the crypto industry will end up flushing out… Read More

Paxos Tops 10 million Active Digital Wallets Globally

Compliance-first digital asset firm Paxos has announced that it has topped ten million “active” digital wallets globally, according to a release distributed by the firm. Paxos is a regulated blockchain infrastructure platform that has inked partnerships with some of the biggest names in Fintech, including… Read More

Paxos Survey Says All Good for Crypto as Respondents Confident About Future of Digital Assets

Paxos, a regulated digital asset platform, says that even with the calamitous 2022 collapse of FTX, consumers are confident about the crypto sector going forward. Paxos said it completed the survey in partnership with Pollfish, who polled more than 5000 individuals in an online survey… Read More

Coinbase to Stop Trading Binance USD (BUSD) in March

Coinbase (NASDAQ:COIN) has announced via Twitter that it will cease trading in Binance USD (BUSD) on March 13, 2023. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance… Read More

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