Paxos Renames Standard Stablecoin as Pax Dollar

USDP's updated smart contract will go live on Aug. 31.

News  ·  24 August 2021

What We Know – and Don’t Know – About Stablecoins’ Dollar Backing

As information disclosed by issuers varies, it's not easy for investors to make apple-to-apple comparisons.

Markets  ·  10 August 2021

Bank of America, Coinbase Ventures Invested in Paxos’ $300M Funding Round

The blockchain-based crypto services firm is disclosing more big names from its latest funding round.

News  ·  29 July 2021

Market Wrap: Bitcoin Holds Above $30K as Sentiment Improves

Bitcoin is holding up following a strong bounce from $30,000 support.

Markets  ·  22 July 2021

Paxos Reveals Assets Backing Stablecoins PAX, BUSD

Paxos's reserves consisted of only cash and U.S. Treasury bills.

Business  ·  21 July 2021

Paxos Adds Wedbush Securities in Quest for Same-Day Stock Settlement

Credit Suisse, Instinet and Societe Generale are also part of the program, which is meant to shrink stock settlement times to hours, not days.

Business  ·  17 June 2021

Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats

The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.

Markets  ·  10 June 2021

Senate Banking Chairman ‘Concerned’ by OCC’s Crypto Charters

Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.

Policy & regulation  ·  19 May 2021

Market Wrap: Ether Climbs, Pushing Past ‘Musk Dip’ as Crypto Volatility Increases

Investors are buying and no longer panicking.

Markets  ·  18 May 2021

Bank of America Joins Paxos Network Eyeing Same-Day Stock Trade Settlement

The Paxos Settlement Service has been built with blockchain tech to speed up stock-trade settlement.

Business  ·  17 May 2021

Paxos Raises $300M, Joins Crypto Unicorn Club at $2.4B Valuation

The back-end provider for PayPal and Venmo is raising “confidence capital” to expand operations, said CEO Charles Cascarilla.

Business  ·  29 April 2021

Paxos Becomes Third Federally Regulated Crypto ‘Bank’

Paxos earns a provisional trust charter through the U.S. Office of the Comptroller of the Currency.

News  ·  23 April 2021

Paxos Trumpets Same-Day Shares Settlement Using Blockchain

Instinet and Credit Suisse helped hit the “T+0” settlement cycle for U.S. equities.

Business  ·  6 April 2021

Paxos Plans to File for a Clearing Firm License

CEO Charles Cascarilla said the crypto firm, which already settles equities trades, hopes to apply for a clearing firm license soon.

Policy & regulation  ·  23 February 2021

The Block Founder Mike Dudas Takes Stablecoin Role at Paxos

The serial entrepreneur, payments veteran and pugnacious tweeter will focus on building Paxos' white-labeled stablecoin business.

Business  ·  3 February 2021