Paxos to issue USD stablecoin in Singapore, wins initial approval
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval. Go to Source
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Crypto.com to become preferred exchange for PayPal USD
PayPal launched its U.S. dollar-backed, Ethereum-built stablecoin in August 2023. Go to Source
Bitcoin miner mulls refunding 20 BTC reward to Paxos
Chun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds) kept saying EST instead of EDT/UTC.” Go to Source
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. Go to Source
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states. Go to Source
Binance pushes new stablecoin as it confirms plan to cease BUSD support
Paxos has earlier said it will halt support of Binance’s stablecoin by February 2024, now the exchange has said it will also stop support by that time. Go to Source
Paxos and MercadoLibre partner up to bring USDP to Mexico
The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users. Go to Source Powered by WPeMatico
New exchange EDX reportedly switching out Paxos’ custody services for Anchorage’s
The new exchange does not custody customer funds itself to avoid a conflict of interest — and a hot-button issue with the SEC. Go to Source Powered by WPeMatico
BUSD falls to fourth position among stablecoins
After a dip of over $1 billion in the past 30 days, BUSD now sits at the fourth position in market capitalization among stablecoins. Go to Source Powered by WPeMatico
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
A mainstream report citing multiple insiders claimed that Binance mingled customer’s funds with corporate funds at Silvergate Bank. Go to Source Powered by WPeMatico
