Paxos expands to Solana blockchain
Paxos today announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform.
Paxos today announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform.
Upon receiving full approval, Paxos will continue to expand the global footprint of their regulated USD-backed stablecoins.
As Paxos has halted minting of new BUSD, Binance will gradually cease support for BUSD products.
Clients of Interactive Brokers LLC can now withdraw cryptocurrency assets from their Paxos account to an external wallet.
Several hours after the DFS said it had taken possession of Signature Bank, Paxos estimated its exposure to the bank at $250 million.
The SEC is considering an action alleging that BUSD is a security and that Paxos should have registered the BUSD offering.
DFS has ordered Paxos to cease minting Paxos-issued BUSD as a result of unresolved issues related to Paxos’ oversight of its relationship with Binance.
Existing tokens remain fully-backed and redeemable through Paxos Trust Company through at least February 2024.
Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services.
OANDA announces a partnership with Paxos Trust Company, a regulated blockchain infrastructure platform.