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Paxos
Robinhood, Kraken Form Alliance to Challenge USDT and USDC Duopoly in $170 Billion Market
- The retail trading platform joins major crypto firms to launch the Global Dollar Network and USDG token.
- The initiative aims to democratize stablecoin benefits while challenging current market leaders, including Tether.
Tuesday, 05/11/2024 | 11:14 GMT by
Damian Chmiel
Paxos Launches Stablecoin Payments Platform and Instant USD Conversion
- The platform enables instant conversion between PYUSD, USDP, USDC, and fiat like USD.
- It supports refunds by converting and sending them to the original wallet on Solana, Ethereum, and Polygon.
Tuesday, 15/10/2024 | 13:44 GMT by
Tareq Sikder
Singapore Grants Paxos Full Approval to Issue Stablecoins
- This approval allows Paxos to issue stablecoins under the upcoming stablecoin regulatory framework in Singapore.
- The blockchain technology firm is also authorized to issue stablecoins in the US and the UAE.
Monday, 01/07/2024 | 18:15 GMT by
Jared Kirui
Paxos Launches Yield-Bearing Stablecoin in Argentina in Partnership with Crypto Platforms
- This offering aims to allow token holders to access US dollars for saving, transacting, and yield earnings.
- USDL uses an Ethereum smart contract to automatically distribute daily yield to token holders.
Wednesday, 05/06/2024 | 18:06 GMT by
Jared Kirui
Paxos Secures In-Principle Approvals for Stablecoin Issuance in Abu Dhabi
- Upon full approval, the firm will expand its regulated USD-backed stablecoins globally.
- Earlier, the firm obtained in-principle approval from the Monetary Authority of Singapore.
Wednesday, 29/11/2023 | 17:22 GMT by
Tareq Sikder
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