Paxos

Stablecoins Seem To Be Under Threat After Regulators Focus On Paxos

Key Points: According to Aaron Kaplan, co-CEO of Prometheum Inc, stablecoins pose a systemic risk to the financial system if…

2 years ago

Coinbase CEO Visits Washington To Push For Clearer New Rules Targeting The Crypto Industry

Key Points: Following enforcement steps this month against Kraken and Paxos, Coinbase CEO Brian Armstrong said he was in Washington…

2 years ago

Binance Confirms It Has Been Told By Paxos To Stop Minting New BUSD Tokens

Key Points: Binance says it’s been told Paxos to halt minting new BUSD. Paxos will maintain the product, oversee redemptions,…

2 years ago

SEC Plans To Sue Paxos For Listing Binance USD Stablecoin As An Unregistered Security

Key Points: According to the Wall Street Journal, citing unidentified sources, the SEC intends to sue Paxos for listing the…

2 years ago

Paxos Persuades MakerDAO To Hold $1.5 Billion USDP

Key Points: Paxos has offered to pay a fee to DeFi giant MakerDAO to hold $1.5 billion in stablecoin USDP…

2 years ago

Paxos Recovers $20 Million Stolen In The FTX Hack

Key Points: 11,184 Paxos Gold (PAXG) tokens worth $20 million which were taken during the FTX hack, have been returned…

2 years ago

About 58.17 Million BUSD Was Transferred From Binance To Paxos Issuer And Destroyed

Recorded About 58.17 Million BUSD was transferred from Binance to Paxos vault and subsequently destroyed. Binance also confirms Paxos as…

2 years ago

Is BUSD Safe? – 03 Little-Known Facts Of Binance USD

Since its first-day launch in September 2019, the stablecoin BUSD has been believed to be safer than any other cryptocurrencies.…

2 years ago

The Impacts Of FTX Collapse – Millions Of Dollars To Be Frozen | Part 3

After the FTX collapse, the company was no longer able to access any financial data through Plaid, while the crypto…

2 years ago

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