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The Latest Breaking News from Paxos

Trump could 'kick off a crypto Golden Age' by delivering regulations the industry has been craving for years, Paxos CEO says

“There’s so much pent-up demand,” Chad Cascarilla said at Fortune's Global Forum.

Fortune

Paxos CEO: Trump presidency could bring 'crypto golden age'

The Trump campaign "had a real crypto theme," Charles Cascarilla said at the Singapore Fintech Festival on Friday.

Fortune

Robinhood, Kraken, Galaxy, Other Crypto Firms Launch Global Stablecoin Network

A group of major crypto players have jointly launched $USDG, a new stablecoin under the Global Dollar Network that should "revolutionize" the stablecoin ecosystem and set high standards for compliance.

International Business Times

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Paxos CEO Urges Trump, Harris To Address 'Inhospitable' US Regulatory Landscape

Paxos CEO Charles Cascarilla has written an open letter to former president Donald Trump and Vice President Kamala Harris, urging them to provide clear regulations for the digital assets space, including for the huge stablecoin segment.

International Business Times

Trump's World Liberty Financial Plans To Launch Native Stablecoin: Report

World Liberty Financial is reportedly looking to issue its own stablecoin – a plan that comes during a critical period in the stablecoin segment, specifically due to concerns around the alleged issues around stablecoin giant Tether.

International Business Times

Coinbase and Goldman Sachs alum launch TrueX, a new crypto exchange built on stablecoins

Founded by former Coinbase head of exchange Vishal Gupta, TrueX will use PayPal's stablecoin as its default settlement currency.

Fortune

Pegged For Success: Stablecoins Bid For Wider Adoption; Increasingly Embraced By Users And Exchanges

This year, stablecoins have extended their influence beyond the crypto market. In recent years, the sector experienced significant growth, with the value of the global stablecoin market exceeding $100 billion.

International Business Times UK

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SEC drops key stablecoin investigation into Paxos in win for crypto industry

The Gary Gensler-led agency issued a Wells notice against Paxos in Feb. 2023, indicating an active investigation and possible enforcement action.

Fortune

The best holidays to book for July 2024, from Italian lakes to Devon escapes

Summer will – hopefully – start hotting up in July, and whether you’re keen on a Greek Island getaway or some Turkish delight, here’s some inspiration for your break

The Independent UK

Exclusive: NY financial regulator approves Paxos expansion to Solana, allowing for its first stablecoin issuance beyond Ethereum

Paxos argues it is taking a more regulated approach to stablecoin issuance than Circle and Tether, its main competitors.

Fortune

Binance Announces Another Major Change In Its Ecosystem Following CZ's Departure

Binance had previously made an announcement on this matter in August, stating that it would "gradually" phase out support for the stablecoin after the stablecoin issuer, Paxos, was ordered to stop minting the coin earlier this year.

International Business Times

PayPal discloses it was subpoenaed by the SEC over recently launched stablecoin

The payments firm launched the stablecoin in August.

Fortune

PayPal adds its PYUSD stablecoin to Venmo in push to expand crypto reach

The payments giant recently unveiled its new stablecoin to much fanfare, but PYUSD has yet to supplant other stablecoin giants like Tether or USDC.

Fortune

Inside Circle's tumultuous attempt to build the future of money

Why is the USDC developer losing to Tether?

Fortune

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Fortune

Visa to send stablecoin USDC over Solana to help pay merchants in crypto

The payments giant had previously only accepted payments in USDC.

Evening Standard

Away Game: the Greek escapes to book now

Searching for last minute Greek holiday inspiration?

Kiplinger

PayPal Launches U.S. Dollar-Denominated Stablecoin

Customers who buy the digital currency can transfer it between PayPal and compatible external wallets.

Zenger

PayPal Unveils USD-Backed Stablecoin PYUSD In Digital Payments Revamp

In a significant move to bolster the adoption of digital tokens for transactions, PayPal Holdings Inc

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news in one place.

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Fortune

PayPal launches stablecoin after pausing development amid regulatory scrutiny

Paxos, a a white-label stablecoin maker, is the issuer of PayPal USD.

Fortune

New York crypto bill exposes rifts among key regulators

The financial capital of the world is debating the future of digital asset oversight.

Fortune

Stablecoin legislation punted again as Republicans and Democrats butt heads: ‘We’re starting from scratch’

A bipartisan hearing devolved into uncertainty over regulation for the volatile sector.

Fortune

Why Adrienne Harris could win the battle of the crypto regulators

The New York Department of Financial Services is making a stand on crypto regulation.

Fortune

Why the biggest players in crypto are worried about Adrienne Harris

The New York bank regulator plays a pivotal role in punishing bad actors and licensing legitimate businesses.

Fortune

Binance's $1B recovery fund ended up in a corporate wallet

The cryptocurrency ended up in a wallet where Binance had commingled customer funds.

Fortune

Crypto bank Protego didn't meet all requirements for national trust charter, OCC says

The rejection is another blow to the volatile industry’s banking options.

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