Paxos - News, Articles & Research

Company announcement/crypto

Paxos introduces Global Dollar (USDG)

Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) – a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework.

04 November 2024

Company announcement/crypto

Paxos introduces US dollar backed stablecoin global dollar

Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) - a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to distribute USDG to individuals and institutions.

01 November 2024

News/crypto

Paxos approved to issue stablecoins in Singapore

Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.

02 July 2024

News/crypto

Paxos lays off 20% of staff

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

13 June 2024

Company announcement/markets

TD Securities joins Paxos Settlement Service for Commodities

Paxos, the leading regulated blockchain infrastructure platform, has announced that TD Securities has become the latest financial institution to join the Paxos Settlement Service for Commodities.

13 November 2023

Company announcement/crypto

Paxos to exit Canada

FAQs: What is going to happen to my funds?

13 April 2023

News/crypto

Paxos ordered to stop minting Binance stablecoin

Blockchain infrastructure provider Paxos will stop issuing new Binance USD stablecoins on the orders of the New York Department of Financial Services (NYDFS). The firm has also revealed that the token is facing SEC scrutiny.

14 February 2023

News/crypto

PayPal hits snooze on stablecoin

PayPal has paused work on its stablecoin just weeks before it had planned to unveil the project, according to Bloomberg.

13 February 2023

Company announcement/crypto

Blockchain player Paxos opens R&D centre in Israel

Paxos, the most comprehensively regulated blockchain and tokenization infrastructure platform, announced it is launching an engineering research & development center of security and cryptography excellence in Israel.

03 February 2023

Company announcement/payments

MAS grants payments institution licence to Paxos

Paxos, the leading regulated blockchain infrastructure platform, announced today at the Singapore Fintech Festival that Paxos Global Pte Ltd has received a license from the Monetary Authority of Singapore (MAS) to offer digital payment token services under the Payment Services Act 2019.

02 November 2022

News/crypto

Mastercard brings crypto trading capabilities to banks

Mastercard has teamed up with blockchain infrastructure platform Paxos on a programme designed to help banks and fintechs offer their customers crypto trading services.

17 October 2022

Company announcement/crypto

Paxos promises monthly disclosure of reserve assets backing its stablecoins

Paxos, the leading regulated blockchain infrastructure platform, has disclosed the specific financial instruments backing its regulated stablecoins USDP and BUSD.

11 July 2022