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 ...

Stablecoin issuer Paxos said early Monday it will cease creating new units for the $16 billion Binance Stablecoin (BUSD) at the direction of its state regulator, the New York Department of Financial ...

Paxos said it will engage with the U.S. securities regulator on the matter and is prepared to “vigorously litigate if necessary.” Paxos Trust Company says it “categorically disagrees” with the United ...

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 ...

USDG, the base asset, is a 1:1 USD-backed stablecoin issued by Paxos under regulatory oversight, already operational on Ethereum, Solana, Ink, and X Layer. USDG0 builds on this foundation but ...