Business
Paxos, the company behind PayPal’s PYUSD stablecoin, is seeking a U.S. national trust bank charter once again, aiming to operate under federal oversight nationwide....
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All posts tagged "Paxos"
Cryptocurrency
Paxos CEO Charles Cascarilla is pushing US legislators to create a regulatory structure for stablecoins,, guaranteeing worldwide consistency. He cautions that while allowing regulatory...
Finance
Paxos, a global blockchain leader, has announced the purchase of Membrane Finance, a Finnish Electronic Money Institution (EMI), to expand its European presence. This...
Cryptocurrency
To encourage the usage of stablecoins globally, a group of top financial companies, including Robinhood and Kraken, have formed the Global Dollar Network. The...
Cryptocurrency
Charles Cascarilla, the CEO of Paxos, highlighted in a recent open letter the importance of stablecoins in upgrading the American financial system and guaranteeing...
Business
Paxos has started a new stablecoin payment system in an attempt to simplify transactions for payment service providers. Leading in integrating this infrastructure, Stripe...
Business
Paxos announced on Tuesday that it had received a formal termination notice from Jorge Tenreiro, the interim unit commander for the SEC's Crypto Assets...
Business
At least until February 2024, Paxos has promised that all existing BUSD tokens would be fully backed and redeemable via Paxos Trust Company.
Business
Paxos is also being investigated by the Department of Financial Services in the state of New York.
Business
Paxos was ordered late Friday night to freeze all PAXG linked to four wallet addresses involved in "unauthorized" transfers.
