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). 

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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. 

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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. 

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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

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PayPal USD Stablecoin Now Available on Solana Blockchain, Providing Faster, Cheaper Transactions for Consumers

*This press release was originally issued by PayPal and is available here.* Crypto.com, Phantom and Paxos are first to provide onramps to use PayPal USD (PYUSD) on Solana blockchain  SAN JOSE, Calif., May…

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Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services from the Abu Dhabi Global Market

Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) for the necessary Financial Services Permissions to issue US dollar and other currency-backed stablecoins, as well as to offer crypto-brokerage and custody services from two regulated ADGM entities.

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Paxos Receives In Principle Approval from MAS for New Entity that Will Issue USD-Backed Stablecoin in Singapore

Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services. 

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TD Securities selects Paxos Settlement Service for Commodities to drive Simultaneous Counterparty Settlement

Paxos, the leading regulated blockchain infrastructure platform, has announced that TD Securities has become the latest financial institution to join the Paxos Settlement Service for Commodities.

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