Tag Archives: Paxos

Paxos Singapore Stablecoin Push Shows Yield Products Are Moving Into Regulated Wrappers

Posted on by — No Comments ↓

Stablecoins are no longer just about holding a digital dollar. Paxos launching USDGL in Singapore shows how issuers are trying to move into regulated yield-bearing products without losing the trust that stablecoin users expect. The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in… Continue reading Paxos Singapore Stablecoin Push Shows Yield Products Are Moving Into Regulated Wrappers→

Paxos BUSD Case Closure Gives Stablecoin Issuers A Rare Regulatory Relief Signal

Posted on by — No Comments ↓

Paxos says the SEC has ended its investigation into BUSD without recommending an enforcement action, giving the stablecoin sector a rare piece of regulatory relief in the United States. For more details, visit the official Paxos platform. TL;DR Paxos says the SEC will not recommend enforcement in its BUSD investigation.The decision removes a major legal… Continue reading Paxos BUSD Case Closure Gives Stablecoin Issuers A Rare Regulatory Relief Signal→

Paxos Mints 300 Trillion PYUSD By Error – Here’s What Happened

Posted on by — No Comments ↓

In an unexpected and almost surreal incident, Paxos, the issuer behind PayPal’s PYUSD stablecoin, mistakenly minted 300 trillion PYUSD — yes, with a “T” — earlier today after adding six extra zeros to the intended transaction. The blunder was swiftly corrected as Paxos burned the excess tokens and reissued the correct amount of 300 million… Continue reading Paxos Mints 300 Trillion PYUSD By Error – Here’s What Happened→