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This week in crypto marks a historic turning point. First, Paxos launches USDH on Hyperliquid. Second, citizens of Venezuela abandon the bolívar for stablecoins....
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This week in crypto marks a historic turning point. First, Paxos launches USDH on Hyperliquid. Second, citizens of Venezuela abandon the bolívar for stablecoins....
Paxos has put forward a daring idea to create a Hyperliquid-first stablecoin called USDH for decentralized finance (DeFi). USDH will utilize 95% of the...
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....
Paxos CEO Charles Cascarilla is pushing US legislators to create a regulatory structure for stablecoins,, guaranteeing worldwide consistency. He cautions that while allowing regulatory...
Paxos, a global blockchain leader, has announced the purchase of Membrane Finance, a Finnish Electronic Money Institution (EMI), to expand its European presence. This...
To encourage the usage of stablecoins globally, a group of top financial companies, including Robinhood and Kraken, have formed the Global Dollar Network. The...
Charles Cascarilla, the CEO of Paxos, highlighted in a recent open letter the importance of stablecoins in upgrading the American financial system and guaranteeing...
Paxos has started a new stablecoin payment system in an attempt to simplify transactions for payment service providers. Leading in integrating this infrastructure, Stripe...
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...
At least until February 2024, Paxos has promised that all existing BUSD tokens would be fully backed and redeemable via Paxos Trust Company.