Crypto.com to become preferred exchange for PayPal USD
PayPal launched its U.S. dollar-backed stablecoin in August 2023.
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Paxos Affirms PYUSD Stability with New Transparency Report
Stablecoin issuer Paxos, in one of the latest developments, released the first transparency but unaudited report for the recently born Paypal USD, or PYUSD stablecoin, affirming the stability and reliability…
Bitcoin Miner F2Pool Returns to Paxos the Overpaid Transaction Fee Worth $510,000
Bitcoin miner F2Pool has successfully reversed a recent erroneous bitcoin transaction that resulted in an excessively high transaction fee of $510,000, almost 480,000 times the average network fee of $2.176.…
Bitcoin miner mulls refunding 20 BTC reward to Paxos
Chun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds) kept saying EST instead of EDT/UTC.”
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated.
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.
Binance pushes new stablecoin as it confirms plan to cease BUSD support
Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time.
Paxos and MercadoLibre partner up to bring USDP to Mexico
The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users.
EDX Markets Withdraws Plans to Use Paxos as Custodian (Report)
The recently-launched cryptocurrency exchange EDX Markets will reportedly not rely on Paxos to serve as a custodian. According to rumors, the entity is in final talks with Anchorage Digital, which…
New exchange EDX reportedly switching out Paxos’ custody services for Anchorage’s
The new exchange does not custody customer funds itself to avoid a conflict of interest — and a hot-button issue with the SEC.