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 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
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
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 (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
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
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, 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
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
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
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
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, 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 (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
As previously reported, US regulators apparently compelled a cessation in the utilization of BUSD – Binance’s dollar-based stablecoin managed by Paxos. The action represents another step in the tightening vice of crypto regulation. Paxos Trust is a regulated entity by the New York Department of Financial… Read More
Paxos, the regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance “for the branded stablecoin BUSD.” Effective February 21, Paxos will “cease issuance of new BUSD tokens as directed by and working in close coordination with the New York Department… Read More
Paxos, the “comprehensively” regulated blockchain and tokenization infrastructure platform, announced it is launching “an engineering research & development center of security and cryptography excellence in Israel.” Paxos plans “to expand its Israel engineering center with senior, staff and principal engineers with specialized skills in enterprise-grade… Read More
Recently, Paxos, the regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best “to safely oversee a global, fiat-backed stablecoin and its issuer.” Paxos welcomed the opportunity “to provide comments to the Financial Stability Board and agreed with… Read More
Mastercard (NYSE:MA) has partnered with leading digital asset platform Paxos to offer crypto trading to banking firms. According to a statement by Mastercard, “Crypto Source” is a new feature that provides an option for traditional financial services to offer crypto trading services. Walter Hessert, Head… Read More
As was reported earlier, Binance has decided to remove competing stablecoins on its exchange and replace them with its homegrown version BUSD. In a corporate statement, Binance said it would “auto convert” holdings in dollar-based stablecoins with BUSD later this month. Paxos, a regulated “blockchain… Read More
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