Paxos Accidentally Mints 300 Trillion PYUSD: What Happened?
TL;DR Paxos accidentally minted 300 trillion PayPal PYUSD tokens and sent them to an inaccessible address 22 minutes later. PYUSD maintained its dollar peg, dropping temporarily
paxos (Latest Publications)
Paxos Labs Partners with Aleo Network Foundation on New U.S. Stablecoin
TL;DR Paxos Labs and the Aleo Foundation will launch USAD, a stablecoin that introduces encrypted transactions using zero-knowledge technology. The token will be issued on the
Circle and Paxos Launch Pilot Program to Combat Fake Stablecoins
TL;DR Circle and Paxos tested a system that authenticates payments with stablecoins, allowing each token to be traced back to its issuer and reducing the circulation
Blockchain Infrastructure Leader Paxos Pursues Federal Trust Charter
TL;DR Paxos has applied to convert its New York trust charter into a national trust charter under federal oversight by the OCC. The new federal license
Paxos Rolls Out MiCA-Compliant USDG Stablecoin: Here are the details
TL;DR Paxos launched USDG in the European Union after securing regulatory approval and meeting MiCA requirements. The stablecoin is backed by multiple banks. USDG operates on
Fiserv Launches FIUSD Stablecoin Using Solana, Paxos, and Circle Tech
TL;DR Fiserv will launch FIUSD, a stablecoin built on Solana that will integrate into its banking and payments network with no extra costs or operational changes.
Circle and Paxos Join Mastercard in Pioneering Stablecoin Payment Solutions for Merchants
TL;DR Global Reach: Mastercard teams up with Circle and Paxos to enable stablecoin payments across 150 million merchant locations. Streamlined Transactions: Leveraging blockchain technology, the solution
Visa Joins Paxos’ USDG Consortium to Explore New Stablecoin Model
TL;DR Visa joined the USDG stablecoin network, led by Paxos, to distribute interest from reserves among its members. The company has been testing transactions with USDC
Paxos Plans to Expand Regulated Operations to Europe with Membrane Finance Acquisition
TL;DR Paxos has announced the acquisition of Membrane Finance, a regulated financial institution in Finland, to expand its operations in Europe. The purchase is subject to
PayPal’s PYUSD Enables Cross-Chain Transfers Between Ethereum and Solana with LayerZero Integration
TL;DR PayPal has integrated its stablecoin, PayPal USD (PYUSD), with the cross-blockchain bridging protocol LayerZero, enabling seamless transfers between Ethereum and Solana. This integration aims to
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