Paxos Trust

PayPal USD Debuts as Stablecoin’s Role in Commerce Remains Uncertain
PayPal USD Debuts as Stablecoin’s Role in Commerce Remains Uncertain
August 07, 2023  |  Cryptocurrency

PayPal’s introduction of a U.S. dollar-pegged stablecoin opens the door to a wider discussion of where the digital offerings’ place lies within commerce. As has...

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PayPal Pauses Stablecoin Project Amid Paxos Regulatory Scrutiny
PayPal Pauses Stablecoin Project Amid Paxos Regulatory Scrutiny
February 12, 2023  |  Cryptocurrency

PayPal is reportedly pausing its stablecoin project amid heightened scrutiny around the cryptocurrency industry. The payments company had wanted to unveil the stablecoin in the...

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Report: NYDFS Investigating Stablecoin Issuer Paxos Trust
Report: NYDFS Investigating Stablecoin Issuer Paxos Trust
February 10, 2023  |  Regulation

Paxos Trust is reportedly being investigated by the New York State Department of Financial Services (NYDFS). It is not known why the issuer of the...

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Binance’s Stablecoin Was at Times Undercollateralized by Up to $1B 
Binance’s Stablecoin Was at Times Undercollateralized by Up to $1B 
January 10, 2023  |  Cryptocurrency

Binance’s stablecoin was reportedly undercollateralized at times during 2020 and 2021. Bloomberg reported Tuesday (Jan. 10) that the Binance-Peg BUSD reserves were at three separate...

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