Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets. According to the report, the ...

Paxos’ erroneous creation of trillions worth of a stablecoin has left the crypto industry wondering how one of its biggest and most respected firms could make such ...

Paxos, the blockchain firm behind the Pax Dollar stablecoin, is working to expand stablecoin adoption in the payments industry through its new enterprise-grade infrastructure. Paxos has introduced its ...

The New York Department of Financial Services said Thursday it has fined stablecoin issuer Paxos Trust Company $26.5M for anti-money laundering deficiencies and compliance failures tied to its ...

Stablecoin issuer Paxos revealed that it erroneously minted $300 trillion worth of PayPal’s PYUSD stablecoin on Wednesday, only to reverse the mistake minutes later by burning the excess tokens.

Stablecoin issuer Paxos proposed paying a steady fee to decentralized finance giant MakerDAO for holding up to $1.5 billion of Pax USD (USDP) stablecoin among its reserves. According to a proposal ...

NEW YORK (Reuters) -Paxos Trust reached a $48.5 million settlement to resolve New York charges the virtual currency company failed to police illegal activity related to cryptocurrency exchange Binance ...

Paxos's dreams of a national banking charter died last week of extreme old age. The stablecoin issuer's application for a new bank charter, originally filed in December 2020, expired on March 31, ...

UPDATE, 1:35pm, 9/13/2023 - A PayPal spokesperson says its infrastructure partner Paxos was responsible for the overpayment: “Paxos overpaid the BTC network fee on Sept. 10, 2023. This only impacted ...

Elix, the newest property to join Mar-Bella Collection, a family-owned Greek hotel group opened in 2021, on the Ionian coast of the West side of mainland Greece. It’s in one of the most unspoilt ...