Paxos Prevails in SEC Investigation of BUSD Stablecoin and SEC Will Not Pursue Enforcement Action
Paxos, the leading regulated blockchain & tokenization infrastructure platform, today announced that it received a formal termination notice from the SEC on July 9, 2024, stating that it will not recommend enforcement action against Paxos Trust Company in the investigation of Binance USD (BUSD).
PayPal USD is Now Available on Crypto.com Pay
PayPal USD, issued by Paxos Trust Company, was created with the goal of enabling a digital currency with a stable value designed for commerce and payments. Directly in line with that vision, last week we announced that PayPal USD (PYUSD) is now available on Crypto.com Pay!
Paxos Secures Full Approval to Offer Digital Payment Token Services from Monetary Authority of Singapore; DBS to be Primary Banking Partner
Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services as a Major Payments Institution. The approval enables Paxos to issue stablecoins in line with MAS’ upcoming stablecoin framework.
The Important Role of Stablecoins in DeFi
Decentralized finance, or DeFi, has emerged as one of the most innovative and transformative areas in the financial technology sector.
FROM PAXOS INTERNATIONAL: Lift Dollar (USDL) from Paxos International is Now Available to Users in Argentina via Ripio, Buenbit, Manteca and Plus Crypto
Paxos International, a UAE-based affiliate of Paxos, today announced Lift Dollar (USDL) – a yield-bearing stablecoin issued under regulatory supervision – is now available to consumers in Argentina via distribution partners Ripio, Buenbit, Manteca and Plus Crypto.
FROM PAXOS INTERNATIONAL: Paxos International Introduces Lift Dollar (USDL) – the First Stablecoin to Offer Holders Daily Yield in Wallet Under Regulatory Oversight
Paxos International Introduces Lift Dollar (USDL) - The First Stablecoin to Offer Holders Daily Yield in Wallet Under Regulatory Oversight