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 (Latest Publications)
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
Paxos and Major Crypto Players Unveil USDG Stablecoin Backed by the U.S. Dollar
TL;DR Paxos, along with major crypto firms like Robinhood and Kraken, has launched the Global Dollar (USDG) stablecoin, designed to accelerate stablecoin adoption globally. The USDG
Paxos Launches USDG Stablecoin Fully Backed by USD Reserves
TL;DR Paxos launched the Global Dollar (USDG) stablecoin, fully backed by USD reserves, in collaboration with Singapore’s DBS Bank, complying with the Monetary Authority of Singapore’s
New Exchange, TrueX, Chooses PayPal’s PYUSD for Stablecoin Transactions
TL;DR TrueX, the new cryptocurrency exchange, will use PayPal’s PYUSD as its primary token for transactions. The exchange is targeted at institutional investors in the United
Paxos Trust Company’s Victory Against the SEC
TL;DR The SEC concluded its investigation into Paxos Trust Company and chose not to recommend legal actions against it. The company asserted that its stablecoins are
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