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The Latest Breaking News from Paxos

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

The payments giant had previously only accepted payments in USDC.

Fortune

Away Game: the Greek escapes to book now

Searching for last minute Greek holiday inspiration?

Evening Standard

PayPal Launches U.S. Dollar-Denominated Stablecoin

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

Kiplinger

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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

Zenger

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

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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.

Fortune

Congress must pass stablecoin legislation, top crypto group tells lawmakers

The letter comes ahead of a pivotal congressional hearing on Thursday.

Fortune

SEC adds more bodies to crypto enforcement unit as companies still await rule book from Gensler

The agency started 2023 with actions against Kraken, Paxos, and Terraform Labs.

Fortune

Coinbase ends relationship with crypto bank Silvergate

After delaying its annual report, Silvergate’s share price opened more than 40% lower on Thursday.

Fortune

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Fortune

Robinhood received SEC subpoena shortly after FTX collapsed

The subpoena is another potential threat to Robinhood's struggling crypto business.

Fortune

Uncle Sam could replace Satoshi as the king of digital currency—if U.S. regulators get stablecoins right

People around the world already embrace the dollar. If the U.S. is smart, it will embrace stablecoins to make the dollar even more appealing.

Fortune

Binance aggressively converted rivals' stablecoins in a massive cash grab. It didn't always tell its customers

Blockchain data suggests Binance may have been converting users' collateral without permission.

Fortune

Binance’s chief strategy officer fears strict U.S. crypto regulation could ‘choke out’ the industry and cause ‘real market volatility’

Binance’s Patrick Hillmann told Insider increasing U.S. crypto regulations are going to cost American investors over time on Monday.

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news in one place.

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Fortune

Investors take billions of dollars out of Binance USD stablecoin after regulator forces creator Paxos to stop issuing it

Paxos burned at least $380 million worth of the stablecoin this week.

The Times of India

US crackdown seeks to push crypto back to the fringes of finance

Crypto’s free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country’s banking system.

Fortune

What the regulators' move against Binance and Paxos means for crypto

The SEC and the state of New York just went after Binance's stablecoin and the firm that issues it.

Fortune

Move over stablecoins, ‘deposit tokens’ are the next big thing in crypto says JPMorgan

Deposit tokens could serve all the functions of stablecoins while benefiting from being integrated into the traditional financial system, claims a study by JPMorgan Chase.

Fortune

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

Fortune

PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown

The reported pause follows a month of concerted federal and state regulatory actions against crypto companies.

Fortune

With crypto banking on the brink, rumors are flying

An obscure government office is at the center of uncertainty for two key companies.

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