Paxos launches Lift Dollar (USDL), a unique overnight yield generating stablecoin
The new Lift Dollar (USDL) stablecoin launched by Paxos offers daily yield from US government securities. The USDL stablecoin is issued on Ethereum. Currently the new stablecoin is accessible in…
Former chief of the U.S. CFTC joins Paxos board of directors
Christopher Giancarlo, former CFTC chief has joined Paxos board. Giancarlo’s advocacy for blockchain innovation aligns with Paxos’ mission for regulated solutions. Paxos aims to drive financial sector innovation with Giancarlo’s…
Paxos and Chainlink power up PayPal’s PYUSD with price feed integration
Paxos and Chainlink integrate PYUSD Chainlink Price Feed, enhancing its trust and utility. Chainlink’s security features drive PYUSD adoption by ensuring accurate and reliable data. Paxos and Chainlink collaboration marks…
Paxos expands its stablecoin to the Solana blockchain
Paxos has expanded to Solana, the first expansion for its USDP stablecoin to a new blockchain. The regulated company will issue its stablecoin on Solana starting January 17, 2024. Stablecoin…
Binance withdrawals surge post SEC’s Paxos clampdown
The SEC issued a wells notice to Paxos concerning the issuance of Binance USD (BUSD) stablecoin. Shortly after, the NYDFS ordered Paxos to stop issuing BUSD. While BUSD issuance stopped,…
Blockchain Company Paxos Trust ordered to stop issuing Binance USD
The NYDFS has ordered Paxos Trust Co. to stop issuing BUSD stablecoin. This comes after the SEC issued Paxos with a wells notice on the same. The SEC alleges Binance…