PayPal Launches US Dollar-Backed Stablecoin
PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, short-term U.S. treasuries and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars SAN JOSE, Calif., Aug. 7, 2023 /PRNewswire/…
Paxos Comments on PYUSD
On August 7, 2023, PayPal announced the launch of PYUSD, a US dollar-backed stablecoin issued by Paxos Trust Company. Paxos CEO and Co-Founder Charles Cascarilla had the following comment:
Focusing on our Enterprise Platform and Retiring Legacy itBit Services
Paxos is further streamlining the platform to focus service on our core enterprise clients. Starting August 30, 2023, we will deprecate retail services for users on the itBit Exchange whose accounts are inactive or have little to no balance.
Paxos Partners with Mercado Pago to Open Access to Pax Dollar (USDP) for Mexican Customers
Paxos, the regulated blockchain infrastructure platform for enterprises, and Mercado Libre’s Mercado Pago, Latin America’s leading online payments platform, have announced that Paxos’ regulated US dollar-backed stablecoin, Pax Dollar (USDP), will now be available to all Mercado Pago users in Mexico.
Paxos Settlement Service Delivers 300% ROI as Trading Volumes and Interest Rates Surge
NEW YORK & LONDON – JUNE 15 , 2023 – Paxos, the regulated blockchain infrastructure platform for enterprises, continues driving value for its commodities market clients through its Post-Trade and…