Paxos acquires Membrane Finance for EU stablecoin expansion
[Nov 19 8:02 PM] Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.
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Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant
[Nov 19 7:35 PM] This strategic move is aimed at accelerating Paxos’ commitment to compliant financial products and success of its stablecoins. USD-Backed Stablecoins in Europe Paxos, a regulated financial institution and provider of tokenized products has…
Stablecoin Issuer Paxos to Buy Finland's Membrane Finance to Gain EU Access
[Nov 19 3:06 PM] Paxos agreed to buy electronic money institution Membrane Finance, which is licensed in Finland.
Robinhood, Kraken, Paxos launch Global Dollar stablecoin network
[Nov 5 2:17 AM] A swathe of major firms from traditional finance have partnered to launch the Global Dollar Network, a regulation-compliant network designed to accelerate the adoption of stablecoins.
New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
[Nov 4 10:00 PM] The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei.
Paxos launches USD-backed USDG stablecoin with DBS Bank
[Nov 1 8:12 AM] Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
Stablecoins essential for US dollar’s future, says Paxos CEO
[Oct 29 1:01 PM] In an open letter to Donald Trump and Kamala Harris, Charles Cascarilla highlighted the role of stablecoins in maintaining the US dollar’s global dominance and improving banking efficiency.
Fireblocks Launches $1M Grant Program to Promote Paypal’s PYUSD Adoption
[Oct 25 11:30 PM] Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a…
Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer
[Oct 16 7:05 PM] Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly…
Paxos debuts new stablecoin payment platform with Stripe
[Oct 15 1:05 PM] Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.
Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months
[Aug 30 2:40 PM] Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE…
PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana
[Aug 26 6:40 PM] The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth.
Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year
[Aug 26 4:30 PM] On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued on Solana…
Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth
[Jul 17 11:15 AM] While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days…
SEC will not pursue enforcement action against Paxos
[Jul 11 9:02 AM] The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.
SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
[Jul 11 8:54 AM] The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year…
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
[Jul 2 9:34 AM] Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins…
Paxos gains approval for Singapore stablecoin launch with DBS partnership
[Jul 2 7:17 AM] Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
[Jul 2 3:39 AM] The Monetary Authority of Singapore released its stablecoin framework last year.
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
[Jun 16 10:39 AM] According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by…
Paxos Cuts 20% of Staff: Reports
[Jun 13 4:01 AM] Bloomberg report says the company will have an increased focus on tokenization.
Stablecoin Issuers Want to Give Something Back in Multi-Trillion-Dollar Market Race
[Jun 10 9:18 AM] Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD.
Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields
[Jun 6 6:20 AM] The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S…
Paxos Unveils Yield-Generating Stablecoin Lift Dollar
[Jun 5 10:30 AM] USDL is issued in the UAE and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
PayPal’s new stablecoin on Solana will offer ‘confidential transfers’
[May 29 10:50 PM] Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.
Former CFTC Chair Chris Giancarlo joins Paxos board
[May 14 9:25 AM] Former CFTC Chair J. Christopher Giancarlo founded the Digital Dollar Project and currently works as an advisory board member for the Chamber of Digital Commerce.
'CryptoDad' Giancarlo Joins Paxos Board
[May 14 7:01 AM] Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission who has been a public advocate for the cryptocurrency sector, to its board of directors, the company told CoinDesk.
Solana Unveils Token Extensions As SOL Bounces Back, Surging 5%
[Jan 24 7:00 PM] The Solana Foundation, a non-profit organization dedicated to decentralization, adoption, and security on the Solana network, has launched token extensions. Solana Token Extensions Gains Traction According to a January 24 announcement, token…
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi
[Nov 30, 2023 2:30 AM] Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for…