On December 15, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, submitted recommendations to the Financial Stability Board (FSB) on how best to safely oversee a global, fiat-backed stablecoin and its issuer.
On December 13, 2022, Paxos, the leading regulated blockchain and tokenization infrastructure platform, demonstrated how our prudentially regulated operational and liquidity risk management programs respond to heightened market activity and seamlessly delivered requested customer funds.
Paxos is the sole issuer of BUSD, the US dollar-backed stablecoin regulated by the New York State Department of Financial Services (NYDFS) on Ethereum.
In many ways, the last few weeks in the digital asset industry have felt more like a few years. When the history of finance is written, recent events may make up the bulk of last year’s industry headlines, and rightfully so, but it’s also important to highlight other but important events from 2022.
Following the collapse of FTX, many are seizing the moment to push for increased regulatory oversight of digital assets. As voices get louder, the outcome will likely include inroads toward federal legislation for digital assets.