Understanding the Demise of UST and What Makes a Stablecoin Stable

Stablecoins are digital tokens backed by stable assets such as the US dollar, and were originally created for crypto investors to have an easy on- and off- ramp between fiat currencies and crypto. As stablecoin usage and market cap have increased, so has regulatory scrutiny. In particular, the reserve practices (or lack thereof) of various stablecoins have increasingly been in the spotlight – which brings us to the algorithmic stablecoin at the heart of the Terra ecosystem, UST.

Nubank Expands Crypto Market Access to Tens of Millions of Users – Powered by Paxos

Brazil based Nubank – one of the world’s largest digital banking platforms – announced today it will offer crypto buying, holding and selling capabilities powered by Paxos. We’re thrilled that another 50 million Brazilians will have seamless access to Bitcoin and Ethereum through the Nubank platform. Nubank’s move into crypto represents a strategic move for the company and will further accelerate adoption in the region. 

Bitcoin Fireside Chat 2022

Paxos at Bitcoin 2022 in Miami

Paxos is on a mission to redefine financial infrastructure by enabling the trustworthy, instantaneous movement of any asset at any time. Our blockchain-based infrastructure bridges

IEFA Conversation Series: Charles Cascarilla Sits Down with Matt Leising

Paxos CEO and Co-Founder Charles Cascarilla sat down with journalist Matt Leising to discuss how blockchain technology is changing the way money and value moves around the world. They also discussed how blockchain and digital assets will revolutionize the average person’s interactions with the financial system.

BUSD Issued by Paxos on Ethereum vs. BUSD on the BNB Smart Chain

NYDFS. These two tokens are very similar in design and reserve operations because they are regulated. Paxos and NYDFS agreed to the terms of the token in advance of issuing – this includes the stipulation that USDP and BUSD only be issued by Paxos on the ethereum blockchain at this time. 

The State of Digital Assets in New York

Hear what Paxos CEO Charles Cascarilla thinks of continued crypto and blockchain in New York. He sat down with NY1 on March 10, 2022 to cover dynamics in New York state and also highlighted the importance of the Executive Order for digital assets issued by the Biden Administration.