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The good news for #Solana keeps coming!
Today, #paxos paxos announced that it has obtained a license from the regulatory authority in New York to issue its stablecoin, USDP, on the Solana network.
USDP is considered one of the oldest stablecoins in the market and has had the fewest issues, making it one of the most stable and reliable options. However, the coin was previously only available on the #Ethereum network.
Today, it was announced that the coin will be coming to the Solana network starting from January 17th, by the will of God.
With the arrival of #USDP on Solana, it will be a good option for those looking to diversify their stablecoin holdings to reduce risks and at the same time avoid concerns about high Ethereum network fees.
#NEAR $SOL $NEAR $MOVR
Today, #paxos paxos announced that it has obtained a license from the regulatory authority in New York to issue its stablecoin, USDP, on the Solana network.
USDP is considered one of the oldest stablecoins in the market and has had the fewest issues, making it one of the most stable and reliable options. However, the coin was previously only available on the #Ethereum network.
Today, it was announced that the coin will be coming to the Solana network starting from January 17th, by the will of God.
With the arrival of #USDP on Solana, it will be a good option for those looking to diversify their stablecoin holdings to reduce risks and at the same time avoid concerns about high Ethereum network fees.
#NEAR $SOL $NEAR $MOVR
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$XLM
Paxos announced that it will integrate with the Stellar network and plans to introduce assets to the Stellar network by the end of 2024. Stellar is an open source blockchain for payments and remittances, and this move by Paxos will further promote the adoption of regulated institutional stablecoins. Through cooperation with the Stellar Development Foundation, Paxos will expand its assets to the Stellar network, which will help increase the adoption of the Stellar network and provide Paxos with more payment and remittance application scenarios. This integration may bring a series of technical challenges, including ensuring the secure transfer of assets between the two networks, maintaining network stability, and ensuring regulatory compliance. In addition, the Stellar network recently upgraded to Protocol 21, introducing five new core improvement proposals to improve network efficiency and cost-effectiveness, which provides a more efficient and scalable network environment for the introduction of Paxos assets.
#xlm #stellar #XLM/USDT #XLM.智能策略库🥇🥇 #paxos
Paxos announced that it will integrate with the Stellar network and plans to introduce assets to the Stellar network by the end of 2024. Stellar is an open source blockchain for payments and remittances, and this move by Paxos will further promote the adoption of regulated institutional stablecoins. Through cooperation with the Stellar Development Foundation, Paxos will expand its assets to the Stellar network, which will help increase the adoption of the Stellar network and provide Paxos with more payment and remittance application scenarios. This integration may bring a series of technical challenges, including ensuring the secure transfer of assets between the two networks, maintaining network stability, and ensuring regulatory compliance. In addition, the Stellar network recently upgraded to Protocol 21, introducing five new core improvement proposals to improve network efficiency and cost-effectiveness, which provides a more efficient and scalable network environment for the introduction of Paxos assets.
#xlm #stellar #XLM/USDT #XLM.智能策略库🥇🥇 #paxos
🚨 BREAKING: Major Binance Updates 🚨
• Binance partners with BBVA to let customers store crypto off-exchange with bank-level custody.
• Paxos Trust to pay $48.5M settlement over regulatory issues tied to Binance.
• $12M in Ethereum moved from Binance to Wintermute as ETH rockets past $4K.
$ETH
📈 Big moves in security, compliance, and market momentum!
#Binance #CryptoNews #Ethereum #BBVA #Paxos
• Binance partners with BBVA to let customers store crypto off-exchange with bank-level custody.
• Paxos Trust to pay $48.5M settlement over regulatory issues tied to Binance.
• $12M in Ethereum moved from Binance to Wintermute as ETH rockets past $4K.
$ETH
📈 Big moves in security, compliance, and market momentum!
#Binance #CryptoNews #Ethereum #BBVA #Paxos
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💰 PAX Gold (PAXG) – Digital Gold with Real Security
@Paxos
#Paxos
#PAXG
PAXG is a digital asset issued by Paxos, where each token is linked to one troy ounce of real gold securely stored in Brink's vaults in 400-ounce certified bullion in the London market. 🏦✨
⚡ Benefits for PAXG Holders:
Ownership of the underlying physical gold through Paxos Trust Company.
The ability to redeem the token's value in US dollars directly with Paxos.
If you own more than 430 PAXG tokens, you can exchange your tokens for physical gold bullion.
Invest in gold in a smart and secure way with PAXG, where the digital world meets real value! 🌟
$PAXG
@Paxos
#Paxos
#PAXG
PAXG is a digital asset issued by Paxos, where each token is linked to one troy ounce of real gold securely stored in Brink's vaults in 400-ounce certified bullion in the London market. 🏦✨
⚡ Benefits for PAXG Holders:
Ownership of the underlying physical gold through Paxos Trust Company.
The ability to redeem the token's value in US dollars directly with Paxos.
If you own more than 430 PAXG tokens, you can exchange your tokens for physical gold bullion.
Invest in gold in a smart and secure way with PAXG, where the digital world meets real value! 🌟
$PAXG
Paxos Labs Targets High Liquidity and Cost Efficiency for USDH
Paxos Labs co-founder Bhau recently shared insights on the company's USDH proposal, emphasizing a vision to make USDH the most liquid and cost-efficient asset in the blockchain ecosystem. Unlike exclusive partnership models, Paxos Labs aims to create an open infrastructure that allows a wide range of entities to build upon USDH. This includes gateways, DeFi protocols, fintech applications, and payment providers, ensuring broad accessibility and utility.
To advance this goal, Paxos Labs has already collaborated with key players such as Rain and LayerZero, signaling strong initial steps toward widespread adoption. By prioritizing liquidity and cost efficiency, Paxos Labs seeks to position USDH as a foundational asset for diverse blockchain-based innovations.
#Paxos
Paxos Labs co-founder Bhau recently shared insights on the company's USDH proposal, emphasizing a vision to make USDH the most liquid and cost-efficient asset in the blockchain ecosystem. Unlike exclusive partnership models, Paxos Labs aims to create an open infrastructure that allows a wide range of entities to build upon USDH. This includes gateways, DeFi protocols, fintech applications, and payment providers, ensuring broad accessibility and utility.
To advance this goal, Paxos Labs has already collaborated with key players such as Rain and LayerZero, signaling strong initial steps toward widespread adoption. By prioritizing liquidity and cost efficiency, Paxos Labs seeks to position USDH as a foundational asset for diverse blockchain-based innovations.
#Paxos
🐋 150M $PYUSD Injected into the Market!
Just moments ago, the on-chain analytics platform Whale Alert detected a seismic shift in the stablecoin landscape. Paxos Treasury has officially minted a staggering 150,000,000 $PYUSD on the Ethereum network. 💰🔥
This isn't just a routine transaction; it's a major liquidity event. A mint of this scale typically signals one of two things:
· 🚀 Anticipating Major Demand: Preparing for significant buying pressure or large-scale trading activity.
· 🌊 Whale Movement: A major player is positioning themselves for a substantial market move.
For the $PYUSD ecosystem, this is a powerful statement of growth and utility. For traders, it's a critical data point to watch.
What's your take? Is this a sign of bullish momentum brewing?
DYOR No Financial advice!
#Paxos #stablecoin #whalealert #CryptoNews #Ethereum
$ETH
Just moments ago, the on-chain analytics platform Whale Alert detected a seismic shift in the stablecoin landscape. Paxos Treasury has officially minted a staggering 150,000,000 $PYUSD on the Ethereum network. 💰🔥
This isn't just a routine transaction; it's a major liquidity event. A mint of this scale typically signals one of two things:
· 🚀 Anticipating Major Demand: Preparing for significant buying pressure or large-scale trading activity.
· 🌊 Whale Movement: A major player is positioning themselves for a substantial market move.
For the $PYUSD ecosystem, this is a powerful statement of growth and utility. For traders, it's a critical data point to watch.
What's your take? Is this a sign of bullish momentum brewing?
DYOR No Financial advice!
#Paxos #stablecoin #whalealert #CryptoNews #Ethereum
$ETH
@Amelia Leo just remember 1/400th of a GOLD Bar Costs $4 ,252.80
and that 1/400th of a Bitcoin costs $270
GOLD has seized,✴️✴️✴️
TOTAL MARKET DOMINANCE, eclipsing BTC's share in the global asset arena with a market cap that's a whopping 13X LARGER.📊📊📊📊
The Raw Stats Seal the Deal (Fresh October 19 Data Drop): Gold's Market Cap: A colossal $30 TRILLION - powered by ~216,000
metric tons of above-ground reserves at a spot price of $4,267.90 per troy ounce (up 16.6% monthly, +62% YTD on inflation fears and geopolitical jitters). Central banks hoarded 1,000+ tons this year alone that's $5.7T in fortress-level reserves laughing at crypto ETF hype.
Bitcoin's Market Cap: A solid but
overshadowed $2.3 TRILLION - with
~15.93 million BTC circulating at
$108,500 per coin (up 15-20% YTD, but nursing a 5-10% pullback from its $126K ATH). Crypto total cap? ~$4.1T.
The Crushing Gap? Gold towers $27.7 TRILLION above BTC - or 1,304% bigger! BTC would need a 13X moonshot to even touch gold's pedestal, but with BTC.D breaking down to 59.49% (hinting at alt rotations), gold's lead only widens.
$PAXG
#Paxos
and that 1/400th of a Bitcoin costs $270
GOLD has seized,✴️✴️✴️
TOTAL MARKET DOMINANCE, eclipsing BTC's share in the global asset arena with a market cap that's a whopping 13X LARGER.📊📊📊📊
The Raw Stats Seal the Deal (Fresh October 19 Data Drop): Gold's Market Cap: A colossal $30 TRILLION - powered by ~216,000
metric tons of above-ground reserves at a spot price of $4,267.90 per troy ounce (up 16.6% monthly, +62% YTD on inflation fears and geopolitical jitters). Central banks hoarded 1,000+ tons this year alone that's $5.7T in fortress-level reserves laughing at crypto ETF hype.
Bitcoin's Market Cap: A solid but
overshadowed $2.3 TRILLION - with
~15.93 million BTC circulating at
$108,500 per coin (up 15-20% YTD, but nursing a 5-10% pullback from its $126K ATH). Crypto total cap? ~$4.1T.
The Crushing Gap? Gold towers $27.7 TRILLION above BTC - or 1,304% bigger! BTC would need a 13X moonshot to even touch gold's pedestal, but with BTC.D breaking down to 59.49% (hinting at alt rotations), gold's lead only widens.
$PAXG
#Paxos
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🔥🇺🇸 INNOVATION IN PAYMENTS COMES TO THE FED: CHAINLINK, CIRCLE, AND PAXOS AMONG THE SPEAKERS 🔥🇺🇸
On October 21, the Federal Reserve will host a conference dedicated to innovation in payments: a strategic event that confirms how blockchain technologies are entering the heart of the U.S. financial system.
Among the speakers are representatives from Chainlink, Paxos, and Circle, leading companies in the development of stablecoins, decentralized oracles, and digital infrastructure for global transactions.
The goal of the meeting is to explore how these solutions can make payments safer, more transparent, and faster, thus bringing the Fed closer to the future of digital-finance integration.
A historic step towards concrete collaboration between traditional institutions and crypto innovation.
#breakingnews #Fed #Chainlink #Circle #Paxos
On October 21, the Federal Reserve will host a conference dedicated to innovation in payments: a strategic event that confirms how blockchain technologies are entering the heart of the U.S. financial system.
Among the speakers are representatives from Chainlink, Paxos, and Circle, leading companies in the development of stablecoins, decentralized oracles, and digital infrastructure for global transactions.
The goal of the meeting is to explore how these solutions can make payments safer, more transparent, and faster, thus bringing the Fed closer to the future of digital-finance integration.
A historic step towards concrete collaboration between traditional institutions and crypto innovation.
#breakingnews #Fed #Chainlink #Circle #Paxos
💥 $300 Trillion Crypto Blunder!
PayPal’s partner Paxos accidentally minted $300 trillion in PYUSD stablecoins — over 2× the world’s GDP — due to a “technical error.” 😳
The coins were quickly burned, but the incident exposes major flaws in stablecoin controls and transparency. ⚠️
#CryptoNews #Bitcoin #Stablecoins #Paxos #BinanceSquare
PayPal’s partner Paxos accidentally minted $300 trillion in PYUSD stablecoins — over 2× the world’s GDP — due to a “technical error.” 😳
The coins were quickly burned, but the incident exposes major flaws in stablecoin controls and transparency. ⚠️
#CryptoNews #Bitcoin #Stablecoins #Paxos #BinanceSquare
CMC Market Pulse | Weekend
Highlights of the week
#forward Industries closes a $1.65B PIPE deal to establish a SOL treasury strategy, with investors including Multicoin, Jump and Galaxy.
Saylor’s #strategy acquires 1,955 BTC for a total of $217.4M at an average price of $111,196 per Bitcoin.
Centralized exchange, #Gemini , to IPO on 12th Sep, allegedly 20x oversubscribed with $425M raised in the offering.
Narrative of the week
USDH proposals flow in from some of the biggest stablecoin issuers in crypto including Paxos, Ethena, Sky, Frax, Curve and Hyperliquid-native competitor, Native Markets.
Althought Native Markets seem to have taken the lead initially, stakes are shifting to alternative validators in support of the #Paxos proposal instead. Votes will be made on 14th Sep, leaving stakers another 2 days to change their minds.
The #Hyperliquid Foundation removes the foundation stakes from participating validators, ensuring an independent vote on the USDH proposals.
Major project updates, DeFi brief, Fundraises & Airdrops _ Coming soon...
$SOL $BTC $HYPE
Highlights of the week
#forward Industries closes a $1.65B PIPE deal to establish a SOL treasury strategy, with investors including Multicoin, Jump and Galaxy.
Saylor’s #strategy acquires 1,955 BTC for a total of $217.4M at an average price of $111,196 per Bitcoin.
Centralized exchange, #Gemini , to IPO on 12th Sep, allegedly 20x oversubscribed with $425M raised in the offering.
Narrative of the week
USDH proposals flow in from some of the biggest stablecoin issuers in crypto including Paxos, Ethena, Sky, Frax, Curve and Hyperliquid-native competitor, Native Markets.
Althought Native Markets seem to have taken the lead initially, stakes are shifting to alternative validators in support of the #Paxos proposal instead. Votes will be made on 14th Sep, leaving stakers another 2 days to change their minds.
The #Hyperliquid Foundation removes the foundation stakes from participating validators, ensuring an independent vote on the USDH proposals.
Major project updates, DeFi brief, Fundraises & Airdrops _ Coming soon...
$SOL $BTC $HYPE
#Paxos
Circle and Paxos Pioneer Advanced Stablecoin Issuance Verification Technology
Stablecoin issuers Circle and Paxos are collaborating with fintech startup Bluprynt, founded by Georgetown Law Professor Chris Brummer, to test an innovative verification technology for stablecoin issuance, as reported by BlockBeats. This initiative aims to enhance the transparency and integrity of digital asset holdings by leveraging advanced cryptography and blockchain technology.
The new system focuses on providing robust issuer verification during the minting process, ensuring that stablecoins can be traced back to verified issuers. This development strengthens trust in the stablecoin ecosystem, promoting greater accountability and traceability for users and regulators alike. By integrating cutting-edge technology, Circle and Paxos are setting a new standard for secure and transparent stablecoin issuance.
#BUSD $BUSD
Circle and Paxos Pioneer Advanced Stablecoin Issuance Verification Technology
Stablecoin issuers Circle and Paxos are collaborating with fintech startup Bluprynt, founded by Georgetown Law Professor Chris Brummer, to test an innovative verification technology for stablecoin issuance, as reported by BlockBeats. This initiative aims to enhance the transparency and integrity of digital asset holdings by leveraging advanced cryptography and blockchain technology.
The new system focuses on providing robust issuer verification during the minting process, ensuring that stablecoins can be traced back to verified issuers. This development strengthens trust in the stablecoin ecosystem, promoting greater accountability and traceability for users and regulators alike. By integrating cutting-edge technology, Circle and Paxos are setting a new standard for secure and transparent stablecoin issuance.
#BUSD $BUSD
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🚨 Circle and Paxos are advancing sophisticated stablecoin issuance verification technology 🐼
Stablecoin issuers Circle and Paxos are collaborating with fintech startup Bluprynt, launched by Georgetown Law Professor Chris Brummer, to test a new verification technology. According to a report by BlockBeats, the main goal of this initiative is to enhance transparency and integrity in digital asset holding, made possible through the use of blockchain and advanced cryptography.
$BTC
🚨Paxos Accidentally Mints $300 Trillion in PYUSD Stablecoins🚨
#Paxos accidentally minted $300 trillion in #PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.
This gaffe has highlighted a real concern in stablecoins: these protocols don't need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.#StrategyBTCPurchase
🚨Paxos Accidentally Mints $300 Trillion in PYUSD Stablecoins🚨
#Paxos accidentally minted $300 trillion in #PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.
This gaffe has highlighted a real concern in stablecoins: these protocols don't need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.#StrategyBTCPurchase
😱 $300,000,000,000,000 MISTAKE! 😱 Paxos accidentally minted 300 TRILLION #PYUSD tokens—14x the US M2 money supply! They were "immediately" burned, confirming no security breach. A new record for accidental mints! 🤯 #Paxos #CryptoNews🔒📰🚫
$PYR $BTC $JUV
#MarketPullback
#TrendingTopic
#TrendingPredictions
$PYR $BTC $JUV
#MarketPullback
#TrendingTopic
#TrendingPredictions
🚀 $PAXG Update 🚀
$PAXG (PAX Gold) is currently trading around $3,396, reflecting slight upward momentum as investors turn toward gold-backed assets for stability . Each token represents ownership of one fine troy ounce of London Good Delivery gold, stored securely by Paxos in LBMA-approved vaults . With a market cap near $955 million and 24‑hour trading volumes averaging $50–60 million, liquidity remains solid . Over the past year, $PAXG has surged ~41%, tracking spot gold prices while offering blockchain convenience . It stands out as a safe-haven hedge amid global uncertainty, appealing to both crypto and traditional investors. 🎯
#PAXG #GoldBacked #CryptoUpdate #SafeHaven #DigitalGold #Paxos
$PAXG (PAX Gold) is currently trading around $3,396, reflecting slight upward momentum as investors turn toward gold-backed assets for stability . Each token represents ownership of one fine troy ounce of London Good Delivery gold, stored securely by Paxos in LBMA-approved vaults . With a market cap near $955 million and 24‑hour trading volumes averaging $50–60 million, liquidity remains solid . Over the past year, $PAXG has surged ~41%, tracking spot gold prices while offering blockchain convenience . It stands out as a safe-haven hedge amid global uncertainty, appealing to both crypto and traditional investors. 🎯
#PAXG #GoldBacked #CryptoUpdate #SafeHaven #DigitalGold #Paxos
🏦 Paxos Files for U.S. Trust Bank Charter—What It Means for Stablecoins
Paxos has escalated its regulatory game—applying for a national trust bank charter from the OCC, advancing from its current New York State trust. This federal upgrade (if approved) would provide stronger operational oversight and potentially more efficient asset settlement—far beyond just issuing stablecoins like PYUSD. It marks a broader shift toward institutional alignment, following Circle and Ripple’s own filings.
Importance for Traders:
Signals maturing norms in the stablecoin segment—positive for high-quality issuers.
Consider favoring regulated stablecoins in your risk-on trade setups.
Monitor regulatory approval news for market impact.
@binance #Paxos #Stablecoins #CryptoRegulation #BinanceSquare
Regulation meets blockchain—does this make you more confident on stablecoins like PYUSD?
$PAXG
Paxos has escalated its regulatory game—applying for a national trust bank charter from the OCC, advancing from its current New York State trust. This federal upgrade (if approved) would provide stronger operational oversight and potentially more efficient asset settlement—far beyond just issuing stablecoins like PYUSD. It marks a broader shift toward institutional alignment, following Circle and Ripple’s own filings.
Importance for Traders:
Signals maturing norms in the stablecoin segment—positive for high-quality issuers.
Consider favoring regulated stablecoins in your risk-on trade setups.
Monitor regulatory approval news for market impact.
@binance #Paxos #Stablecoins #CryptoRegulation #BinanceSquare
Regulation meets blockchain—does this make you more confident on stablecoins like PYUSD?
$PAXG
Paxos Goes All Out: Seeks National Banking License in the US Alongside Ripple and Circle
📅 August 11 | United States
In a move that could redefine the landscape of stablecoins and regulated crypto infrastructure, Paxos announced it is following in the footsteps of Ripple and Circle to obtain a national banking license in the United States. The goal: to operate under federal supervision, issue fully backed digital assets, and compete directly with traditional banks in the new digital economy.
Paxos' interest is no coincidence. The US regulator has intensified pressure on stablecoin issuers and custodians, pushing large crypto companies toward a more institutional framework. With this license, Paxos could not only expand its products and services but also fully integrate into the traditional financial system, something that could mark a turning point for the sector.
The Trend-Setting Move
Paxos is already known for issuing stablecoins like USDP and for collaborating with giants like PayPal on the development of PYUSD. Obtaining a national banking license would mean being able to offer services directly to customers nationwide, with the backing and trust that comes with oversight from the Office of the Comptroller of the Currency (OCC).
This announcement comes just weeks after Ripple and Circle also expressed interest in similar licenses, creating a new competitive landscape where stablecoin issuers become crypto-native digital banks. The goal is clear:
Greater reach: access to all states without individual state licenses. Institutional trust: attracting funds, businesses, and users who demand regulatory certainty.Financial innovation: integrating blockchain into payments, remittances, and custody with solid legal support.
The potential impact is enormous: we could see a true merger of traditional banking and Web3 in the coming years, with stablecoins serving as the new de facto digital dollar.
Topic Opinion:
This race for banking licenses is more than a legal formality: it's a battle over who will control the gateway to regulated digital money. If Paxos, Ripple, and Circle achieve their goal, we could be witnessing the birth of the first mega crypto banks. But the challenge will be to maintain their decentralized nature and maintain innovation in the face of the rigidity of the traditional banking framework.
💬 Would you feel safer using stablecoins issued by regulated "crypto banks"?
Leave your comment...
#Paxos #Ripple #Circle #Stablecoins #CryptoNews $USDP
In a move that could redefine the landscape of stablecoins and regulated crypto infrastructure, Paxos announced it is following in the footsteps of Ripple and Circle to obtain a national banking license in the United States. The goal: to operate under federal supervision, issue fully backed digital assets, and compete directly with traditional banks in the new digital economy.
Paxos' interest is no coincidence. The US regulator has intensified pressure on stablecoin issuers and custodians, pushing large crypto companies toward a more institutional framework. With this license, Paxos could not only expand its products and services but also fully integrate into the traditional financial system, something that could mark a turning point for the sector.
The Trend-Setting Move
Paxos is already known for issuing stablecoins like USDP and for collaborating with giants like PayPal on the development of PYUSD. Obtaining a national banking license would mean being able to offer services directly to customers nationwide, with the backing and trust that comes with oversight from the Office of the Comptroller of the Currency (OCC).
This announcement comes just weeks after Ripple and Circle also expressed interest in similar licenses, creating a new competitive landscape where stablecoin issuers become crypto-native digital banks. The goal is clear:
Greater reach: access to all states without individual state licenses. Institutional trust: attracting funds, businesses, and users who demand regulatory certainty.Financial innovation: integrating blockchain into payments, remittances, and custody with solid legal support.
The potential impact is enormous: we could see a true merger of traditional banking and Web3 in the coming years, with stablecoins serving as the new de facto digital dollar.
Topic Opinion:
This race for banking licenses is more than a legal formality: it's a battle over who will control the gateway to regulated digital money. If Paxos, Ripple, and Circle achieve their goal, we could be witnessing the birth of the first mega crypto banks. But the challenge will be to maintain their decentralized nature and maintain innovation in the face of the rigidity of the traditional banking framework.
💬 Would you feel safer using stablecoins issued by regulated "crypto banks"?
Leave your comment...
#Paxos #Ripple #Circle #Stablecoins #CryptoNews $USDP
#Paxos
Paxos Applies for U.S. Trust Bank License – Eyes Expansion of Regulated Financial Services
Paxos, a leading blockchain infrastructure and stablecoin issuer (behind USDP, PYUSD, and other regulated digital assets), has formally applied for a U.S. Trust Bank License with federal regulators.
Key Goals of the License:
Expand U.S. Operations: Establish a physical office in the United States to strengthen domestic presence.
Broaden Regulated Services: Offer a wider range of compliant, bank-grade financial products, including custody, settlement, and tokenization solutions.
Enhance Consumer Protection: Operate under strict U.S. banking oversight to ensure security, transparency, and adherence to regulatory standards.
Paxos is already regulated by the New York Department of Financial Services (NYDFS) and holds licenses in Singapore, making this move a step toward becoming one of the most fully regulated digital asset service providers globally.
If approved, the trust bank license could allow Paxos to integrate more seamlessly with traditional finance, bridge blockchain and banking services, and strengthen confidence among institutional partners.
#Paxos #Stablecoin #CryptoNews #USFinance
Paxos Applies for U.S. Trust Bank License – Eyes Expansion of Regulated Financial Services
Paxos, a leading blockchain infrastructure and stablecoin issuer (behind USDP, PYUSD, and other regulated digital assets), has formally applied for a U.S. Trust Bank License with federal regulators.
Key Goals of the License:
Expand U.S. Operations: Establish a physical office in the United States to strengthen domestic presence.
Broaden Regulated Services: Offer a wider range of compliant, bank-grade financial products, including custody, settlement, and tokenization solutions.
Enhance Consumer Protection: Operate under strict U.S. banking oversight to ensure security, transparency, and adherence to regulatory standards.
Paxos is already regulated by the New York Department of Financial Services (NYDFS) and holds licenses in Singapore, making this move a step toward becoming one of the most fully regulated digital asset service providers globally.
If approved, the trust bank license could allow Paxos to integrate more seamlessly with traditional finance, bridge blockchain and banking services, and strengthen confidence among institutional partners.
#Paxos #Stablecoin #CryptoNews #USFinance
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Circle and Paxos Test New Verification Technology for Stablecoins
The stablecoin companies Circle and Paxos announced a new technology test in collaboration with Bluprynt, a company founded by Georgetown law professor Chris Brummer.
This step aims to enhance transparency in the digital currency market by ensuring that every stablecoin issued can be traced directly to the authorized issuer.
This step aims to enhance transparency in the digital currency market by ensuring that every stablecoin issued can be traced directly to the authorized issuer.
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