New York state regulators ordered Paxos to stop minting new Binance USD tokens, Binance CEO Changpeng Zhao said on Twitter. The Ethereum-built BUSD tokens are backed by some $16 billion worth of ...

Paxos, the veteran stablecoin and blockchain infrastructure firm, is leaning further into DeFi. On Tuesday, the company announced that it had acquired Fordefi, a New York-based startup that helps ...

Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid ...

WASHINGTON — The cryptocurrency firm Paxos National Trust has received preliminary conditional approval by the Office of the Comptroller of the Currency for a national trust charter, the agency ...

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.

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 ...

Dan Burstein, General Counsel at Paxos, claims in a blog post that the company is the “most trusted” operator in the digital asset infrastructure space. Burstein explains that trustworthiness is key ...

Blockchain Trust company Paxos has issued around $50 million worth of its recently launched U.S. dollar-backed stablecoin in the past few weeks. Data from Etherscan as of press time appears to ...

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 ...