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’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said. Paxos, the blockchain firm behind the Pax Dollar stablecoin, is working to ...

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 ...

LOS ANGELES--(BUSINESS WIRE)--Wedbush Securities, one of the nation’s leading independent financial services providers, is pleased to announce it has joined the Paxos Settlement Service, the ...

But the firm said it “categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws.” It also claimed that Paxos is “always backed 1:1 withU.S.

Both the SEC and the New York Department of Financial Services are looking into the Binance USD token. Both the SEC and the New York Department of Financial Services are looking into the Binance USD ...

Crypto firm Paxos Trust Company LLC Monday announced the New York Department of Financial Service (NYDFS) ordered them, effective February 21, to cease issuing new BUSD tokens with fellow crypto firm ...

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, 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 ...