Tagged: paxos

April 20, 2026 @ 1:03 am By Tony Zerucha  |  

Paxos Labs, the financial utility stack for digital assets incubated within Paxos, has closed a $12 million strategic funding round, led by Blockchain Capital, an early investor in Paxos, with participation from Robot Ventures, Maelstrom and Uniswap. Paxos Labs provides platforms the tools to turn… Read More

April 19, 2026 @ 2:07 pm By Omar Faridi  |  

Charles Schwab (NYSE:SCHW) has outlined the specifics of its new spot cryptocurrency trading platform, set to roll out gradually to individual investors in the coming weeks. The announcement, dated April 16, 2026, introduces Schwab Crypto as a dedicated offering that lets retail clients buy and… Read More

February 10, 2026 @ 9:33 am By Omar Faridi  |  

Payment platform Confirmo has teamed up with blockchain infrastructure provider Paxos to deliver secure, regulated stablecoin services to companies throughout the United States. This collaboration enables U.S. enterprises in sectors like online retail, proprietary trading, foreign exchange, and payroll to access compliant digital asset handling,… Read More

December 19, 2025 @ 10:14 am By Omar Faridi  |  

Modern Treasury announced a partnership with Paxos, a regulated blockchain and tokenization infrastructure platform, to make it easier for businesses to start using stablecoin payments alongside their payment methods. Under the partnership, Modern Treasury will integrate Paxos’ stablecoin and settlement technology into its platform. This… Read More

December 17, 2025 @ 11:06 pm By Omar Faridi  |  

Mesh, the crypto payments network, today announced a partnership with Paxos, the blockchain infrastructure and tokenization platform. This integration will now reportedly allow Paxos to deploy Mesh’s technology “across its customer base, in order to enable seamless crypto deposits from verified sources.” By leveraging Mesh,… Read More

December 14, 2025 @ 4:35 pm By Omar Faridi  |  

Global Dollar Network (GDN) announced that it has grown to over 100 partners and its USD-backed stablecoin, Global Dollar (USDG), surpassed a market cap of $1 billion. This supports the aim to form a more open, enterprise-grade digital dollar ecosystem—supporting real-world financial use cases. As… Read More

November 29, 2025 @ 4:39 pm By Omar Faridi  |  

Paxos, the blockchain infrastructure platform, announced it has acquired Fordefi, which is described as an institutional-grade custody and wallet technology provider. Businesses have reportedly relied on Paxos for custodial infrastructure as they enter the on-chain financial economy. Digital asset market adoption continues and customers require… Read More

November 19, 2025 @ 11:08 am By Omar Faridi  |  

Paxos Labs has unveiled USDG0, an omnichain extension of its Global Dollar (USDG) stablecoin, in partnership with the LayerZero interoperability protocol. Announced recently, USDG0 represents a key leap in stablecoin infrastructure by enabling cross-chain movement of fully backed dollar liquidity to multiple blockchains (reportedly) without… Read More

October 19, 2025 @ 4:12 pm By Omar Faridi  |  

Paxos reported earlier this week that it mistakenly minted excess PYUSD as part of an internal transfer. Paxos confirmed that it immediately identified the error and burned the excess PYUSD. According to the company, this was simply an “internal technical error” and that there was… Read More

October 13, 2025 @ 8:43 am By Omar Faridi  |  

Paxos has noted that stablecoins are becoming core infrastructure for the global financial sector. They aim to enable faster settlement, economical cross-border payments as well as efficient on- and off-ramps between traditional and digital markets. Paxos pointed out that as adoption accelerates, so do the… Read More

August 11, 2025 @ 9:22 pm By Omar Faridi  |  

Paxos, a regulated blockchain infrastructure and tokenization platform, announced that it has filed an application to convert its New York Department of Financial Services (NYDFS) trust charter into a national trust charter under the supervision of the Office of the Comptroller of the Currency (OCC)…. Read More

August 9, 2025 @ 10:33 am By Omar Faridi  |  

New York State Department of Financial Services Superintendent Adrienne A. Harris announced that Paxos Trust Company will pay a $26.5 million penalty to New York State for the alleged ‘failure to conduct sufficient due diligence of its former partner, Binance, and systemic failures in Paxos’s… Read More

July 2, 2025 @ 9:01 am By Omar Faridi  |  

Global Dollar (USDG), a global stablecoin regulated by EU’s Markets in Crypto-Assets (MiCA), the Finnish Financial Supervisory Authority (FIN-FSA), and the Monetary Authority of Singapore (MAS), is launching to consumers across the European Union this week. Backed by Global Dollar Network (GDN) and issued by… Read More

June 20, 2025 @ 4:38 pm By Omar Faridi  |  

Paxos Labs, a start-up whose mission is to make on-chain products and DeFi markets more accessible, is announcing its launch. Paxos Labs enables partners to bring financial products to market and manage them at scale with “integrated risk management, liquidity optimization and seamless distribution.” Incubated… Read More

June 12, 2025 @ 4:38 pm By Omar Faridi  |  

PayPal (NASDAQ: PYPL) announced plans to make the PayPal USD (PYUSD) stablecoin available on the Stellar network pending regulatory approval by the New York State Department of Financial Services (NYDFS). Stellar is a blockchain designed for “fast, low-cost payments and real-world utility.” By potentially expanding… Read More

April 22, 2025 @ 7:46 am By Omar Faridi  |  

Circle and BitGo are preparing to apply for U.S. bank charters, according to a Wall Street Journal report. The report also indicates that digital assets firms Coinbase (NASDAQ:COIN) and Paxos are exploring similar paths, driven by evolving stablecoin regulations and a shifting political landscape under… Read More

March 24, 2025 @ 9:28 am By Omar Faridi  |  

Global Dollar Network, an open network designed to accelerate and reward global stablecoin adoption, announced that Global Dollar (USDG) is now available for trading across more than ten digital asset exchanges. These listings expand the accessibility and liquidity of USDG, “offering users enhanced trading opportunities.”… Read More

March 21, 2025 @ 8:24 am By Omar Faridi  |  

The digital payments landscape is undergoing a major shift, which is being driven by blockchain technology and the rise of stablecoins. In a testimony before the U.S. House Committee on Financial Services, Charles Cascarilla, CEO and Co-Founder of Paxos, underscored the urgent need for the… Read More

February 26, 2025 @ 8:23 am By Omar Faridi  |  

Global Dollar Network, an open network designed to accelerate and reward global stablecoin adoption, announced that Global Dollar (USDG) is now available on the Solana blockchain. This expansion reportedly brings the benefits of a stablecoin that offers “fast, low-cost, 24/7 transactions and reward-sharing for network… Read More

February 5, 2025 @ 7:30 am By Omar Faridi  |  

Paxos, the blockchain and tokenization infrastructure platform, announced it has completed its acquisition of Membrane Finance, an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition received regulatory approval, “making Paxos a fully licensed EMI” in Finland and the EU. Paxos issues USD-backed… Read More