🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a stellar development, Charles Casparella, CEO and co-founder of Paxos, has unveiled plans that could reshape the blockchain landscape. Paxos, a leading name in stablecoin innovation, is bringing its full suite of stablecoins to the Stellar (XLM) ecosystem. This includes its dollar-backed and gold-backed assets. This development is…
This strategic move is aimed at accelerating Paxos’ commitment to compliant financial products and success of its stablecoins. USD-Backed Stablecoins in Europe Paxos, a regulated financial institution and provider of tokenized products has announced an agreement in principle to acquire Membrane Finance, a blockchain infrastructure company, subject to regulatory approval. With this acquisition, Paxos is…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Paxos, a regulated U.S.-based blockchain company, has made a strategic move to broaden its global presence. Earlier today, the company agreed to acquire Membrane Finance, a Finnish electronic money institution (EMI). This strategic acquisition, pending regulatory approval, will mark Paxos’ entry into the European Union (EU) as a fully…
On Nov. 5, crypto, venture capital, and fintech firms Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the “Global Dollar Network.” The partners are combining resources and expertise to increase stablecoin adoption and expand real-world use cases with the launch of the Global Dollar USDG stablecoin. Paxos will be…
Paxos has joined forces with major industry players to launch the Global Dollar Network, a strategic initiative aimed at accelerating stablecoin adoption worldwide. The partnership, announced on Nov. 5, includes well-known names like Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, and Robinhood. By pooling resources, these partners intend to drive stablecoin adoption and unlock new…
The Global Dollar is issued out of Singapore by Paxos and is “substantially compliant” with the MAS Tether’s USDT stablecoin accounts for more than 75% of the market Kraken’s co-founder said there is a “lack of competition” in the stablecoin market A group of cryptocurrency and financial technology companies have introduced a joint stablecoin, the…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 On November 5, prominent crypto and financial institutions, including Robinhood, Galaxy Digital, Kraken, and Paxos, joined together to form a consortium aimed at supporting a new stablecoin pegged to the U.S. dollar. This stablecoin, dubbed USDG, was launched by blockchain infrastructure firm Paxos on November 1 and is currently…
Paxos launched the USD-backed stablecoin USDG in Singapore, partnering with DBS Bank for reserve management and custody. USDG is initially on Ethereum, with future plans for expansion, aiming to boost stablecoin adoption globally under regulatory compliance. Paxos, a regulated blockchain infrastructure firm, has made major progress in the digital finance sector by introducing a new…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Paxos, a blockchain giant, has introduced its latest stablecoin, Global Dollar (USDG) in Singapore. This launch comes as the city-state gears up for a stringent regulatory framework on stablecoins. USDG reflects Paxos’s mission to combine secure compliance with innovative digital finance solutions. This strategic release marks a significant leap…
Paxos CEO Charles Cascarilla has urged U.S. presidential candidates to prioritize stablecoin and blockchain technology to strengthen the dollar’s global influence. Cascarilla believes the following U.S. administration will play an important role in finance. He pointed to stablecoins as the essential conduit to streamline the financial system. This push is designed to increase economic participation…
October 30, 2024 at 01:50 PM GST updated: October 30, 2024 at 11:14 AM 2 mins read News Paxos CEO warns U.S. risks losing financial influence without blockchain and stablecoin regulations. Cascarilla calls for bipartisan action, urging stablecoin policy to maintain U.S. competitive edge in finance. Blockchain tech could boost U.S. financial inclusion, but regulatory…
Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a…
Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach…
The Arbitrum Layer 2 network is now home to Paxos International’s yield-bearing stablecoin, Lift Dollar (USDL). With this expansion, the Arbitrum ecosystem will open for users and developers. The purpose is to offer fast transactions and inexpensive means of gaming, social applications, and decentralized finance (DeFi). Integrating USDL will boost Arbitrum’s robust DeFi environment. Users…
Tether, Circle, Paxos, and Techteryx, four of the leading stablecoin issuers, have identified and frozen wallets associated with the Lazarus group, a North Korean hacking group. These wallets containing millions of cryptocurrencies are believed to be involved in laundering of funds from various cryptocurrency thefts. The multiple cyber crime incidents orchestrated by the Lazarus Group…
Paxos, a leading tokenization platform, will integrate Arbitrum, marking its first foray into the Ethereum layer-2 ecosystem, according to a Sept. 10 statement shared with CryptoSlate. This move aims to streamline institutional integration on Arbitrum for on-chain tokenization of real-world assets. Using Arbitrum, Paxos will tap into Ethereum’s liquidity, benefiting from faster speeds and lower…
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from…