Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets. According to the report, the ...

Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said. Paxos, the blockchain firm behind the Pax Dollar stablecoin, is working to ...

What’s wrong with current stablecoins? Put simply, too much profit is directed to issuers. In most cases, the yield from reserves flows back to those managing the stablecoin rather than to its users.

Paxos’ erroneous creation of trillions worth of a stablecoin has left the crypto industry wondering how one of its biggest and most respected firms could make such ...

Paxos, the issuer of PayPal's stablecoin PYUSD, briefly introduced and then removed $300 trillion worth of its stablecoin on the ethereum blockchain during an internal operation late Tuesday. The firm ...

NEW YORK (Reuters) -Paxos Trust reached a $48.5 million settlement to resolve New York charges the virtual currency company failed to police illegal activity related to cryptocurrency exchange Binance ...

Paxos mistakenly minted $300 trillion worth of PayPal USD (PYUSD) during an internal transfer error. The amount was nearly twice the size of global GDP but was burned ...

Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement. The ...