Paxos acquires Membrane Finance for EU stablecoin expansion
Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license. Go to Source
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Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license. Go to Source
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 announced an agreement in principle to acquire Membrane Finance, a blockchain infrastructure company, subject to regulatory approval. With this acquisition, Paxos is … Read more
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. Go to Source
Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework. Go to Source
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. Go to Source
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 “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a … Read more
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 accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach … Read more
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said. Go to Source
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 Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from … Read more
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. Paypal’s PYUSD Surpasses $1 Billion Market Cap Recent data shows that the market cap … Read more