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Paxos Supports Interactive Brokers’ Journey into Crypto Markets

Walter Hessert September 13, 2021

In the last year, the interest in cryptocurrencies has exploded. Now, more than ever, people want access to this new asset class through their trusted intermediaries. Sophisticated investors see the value in diversifying portfolios by tapping into new technology.

The Digital Dollar that Always Equals a Dollar – Paxos Standard (PAX) is now Pax Dollar (USDP)

Walter Hessert August 24, 2021

Paxos Standard (PAX) will now be known as Pax Dollar (USDP). The USDP ticker more easily identifies Pax Dollar as a US dollar-backed token. As use cases for stablecoins rapidly expand, the demand for a regulated USD token has grown significantly. Companies and consumers globally are entering crypto markets and need a safe, dollar-based solution. As USDP, everyone will be able to instantly recognize our token as a dollar-backed stablecoin.

Licensing & Registration Are Not Equal to Regulation

Dan Burstein August 6, 2021

At Paxos, we believe the only way to establish and maintain safety and transparency for customers is through rigorous oversight from a prudential regulator. This thesis has unfortunately borne out in the reserve mix for both USDC and USDT (Tether). Both of these tokens’ reserves are backed by a significant amount of non-cash financial instruments. A prudential regulator is crucial to ensuring the integrity of products used in the crypto ecosystem, and neither USDC nor USDT has such a regulator.

A Regulated Stablecoin Means Having a Regulator

Dan Burstein July 21, 2021

Paxos powers the only safe, regulated and liquid stablecoins that are always 100% backed 1:1 by US Dollars. Paxos has a primary regulator and is held to higher standards than other operators. Licensing and registration does not equal regulation.

Binance USD (BUSD) Reaches $10 Billion in Market Capitalization

Rich Teo July 9, 2021

Binance USD (BUSD) was launched in September 2019. BUSD has reached the $10 billion milestone, ranking 10th in the entire crypto market and 3rd among stablecoins by market cap, making it the fastest growing stablecoin in the space. BUSD was created in partnership between Binance and Paxos, aimed at combining the trust of the Paxos platform with the utilization opportunities of Binance and the greater crypto ecosystem.

Paxos CEO Charles Cascarilla at Bitcoin 2021

Allison Whaley June 19, 2021

Paxos attended and sponsored the Bitcoin 2021 conference in Miami, which took place in early June. A wide swath of crypto-interested people attended – beyond retail investors, many financial services companies attended as well, all eager to learn more about the crypto space.

PAX Gold surpasses 125,000 tokens and $240 Million in Market Cap

Carl Vogel May 25, 2021

It continues to break records and has expanded its leadership position as the largest, most liquid gold-backed digital token. Earlier this month, PAXG surpassed 125,000 tokens and reached a total market capitalization of nearly a quarter-billion dollars. That represents a more than 400% increase in total token supply in only a year’s time.

trust

How Paxos is the Most Trusted Operator in Digital Asset Infrastructure

Dan Burstein April 1, 2021

Trustworthiness is critical to our business success at Paxos. We believe that by becoming a trusted, regulated, audited infrastructure provider, we can offer the highest levels of safety, protection and security for our clients. We’ve spent years building this oversight and regulatory stack.

How Paxos Came to Be – Why Our Mission is to Build a New, Open Financial System

Paxos March 31, 2021

Paxos is building the foundation for a financial system where all assets, from money to commodities to securities, can be digitized and moved instantaneously. As the first regulated Trust company with blockchain expertise, we’re taking big, ambitious swings to make the financial system more open and inclusive—and to fix the legacy infrastructure that could exacerbate or even create the next financial crisis.

Is Crypto Right for Your Business? Observations Based on Experience from Paxos

Hong Sun March 11, 2021

Cryptocurrencies, or crypto, is a burgeoning, fast-paced and constantly evolving asset class. We witnessed companies that recently launched crypto services benefit from increases in top-line revenues, company valuation, user engagement, and customer retention. Before your business dives in to capture these advantages, we want to help answer some of the most commonly asked questions from companies inquiring about crypto. We hope this perspective can also help empower your company’s strategy moving forward.

How Financial Firms are Integrating Crypto

Dorothy Chang January 28, 2021

Paxos hosted a virtual Master Class, “How Financial Firms are Integrating Crypto Offerings.” This was part of our Blockchain Impact series and was tailored for professionals seeking details on applying crypto solutions and blockchain tech to current and future products. Leaders from Paxos discussed the current state of crypto adoption in mainstream finance, the potential impact crypto can have on revenues and the fundamentals of enabling crypto.

Paxos in 2020

Paxos in 2020 – A Year in Review

Dorothy Chang December 17, 2020

This year, we helped bring crypto to hundreds of millions of users. We’re building financial market infrastructure for an open, digital economy. We closed out 2020 announcing that we raised $142 million in Series C funding, but we also hit many milestones along the way.

New York “Greenlists” All Paxos Tokens: PAX, BUSD and PAXG

Dan Burstein August 6, 2020

One year ago, Paxos partnered with Stable Universal and Huobi to launch a US dollar-backed stablecoin: HUSD. In that time, there have been more than $1.6 billion tokens issued and more than $3 billion worth of transactions processed.

At One Year Old, HUSD Issuance Passes $1.6 Billion

Zach Kwartler July 30, 2020

One year ago, Paxos partnered with Stable Universal and Huobi to launch a US dollar-backed stablecoin: HUSD. In that time, there have been more than $1.6 billion tokens issued and more than $3 billion worth of transactions processed.

Share PAX Gold Facts and Win Gold

Paxos May 29, 2020

To show our appreciation to customers, Paxos is running a $1000 PAX Gold giveaway on Twitter. Twitter users can participate by tweeting one accurate fact

Building the Future of Finance in 2020

Dorothy Chang January 6, 2020

2019 was a monster year for Paxos. We launched more products this year than in our entire history combined, we more than doubled the circulation

PAX Turns One!

Dorothy Chang September 10, 2019

A year ago today, Paxos Trust Company launched the Paxos Standard (PAX) stablecoin, the world’s first regulated crypto-asset fully collateralized 1:1 by the U.S. Dollar.

Growing Demand for PAX around the World

Dorothy Chang April 30, 2019

It’s been a big week for Paxos and our PaxosStandard (PAX) stablecoin! Over the past week, the market cap of PAX has increased nearly 50%.

Unveiling the New Paxos.com

Dorothy Chang March 12, 2019

We re-designed Paxos.com to reveal more about our mission to mobilize assets and create a frictionless economy. Read more to learn about upcoming products.

Women to Watch in Blockchain

Paxos March 8, 2019

In celebration of International Women’s Day this year, we are putting a spotlight on some of the most inspiring women who have had an impact in blockchain.

PAX Weekly Updates — January 16, 2019

Paxos January 16, 2019

Today, we are excited to announce that we will be jump-starting a new initiative to share weekly updates on Paxos activity in an effort to bring more transparency into this space.

Binance Lists PAX as a Base Currency

Paxos November 29, 2018

We’re excited to share that Binance, the world’s largest crypto exchange, has now added the Paxos Standard (PAX) stablecoin as a base currency.

Paxos Standard Sees Massive Adoption in Its First Month

Paxos October 15, 2018

Today, we announced that the Paxos Standard token has achieved the fastest, broadest distribution of any digital asset, with support from over 20 top global exchanges and OTC desks within just one month of its launch.

Monthly Attestation Reports

Paxos October 2, 2018

As we bring trust and transparency to the digital asset market with PAX, the industry’s first regulated stablecoin, we are pleased to share our first month-end attestation report, prepared and published by nationally-ranked auditing firm Withum.

Binance lists Paxos Standard token (PAX)

Paxos September 21, 2018

We are excited to share that Binance, currently the world’s largest crypto exchange by trading volume, has announced it will list our Paxos Standard token (ticker symbol PAX).

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