Paxos, the issuer of stablecoins such as PayPal USD (PYUSD) and Pax Dollar (USDP), has confirmed responsibility for the recent incident involving a $500,000 overpayment in Bitcoin fees. Initially, it ...

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 ...

The stablecoin issuer admitted it had overpaid the Bitcoin network fee The processing fee was significantly higher than the transaction amount Paxos assured none of the clients or customers were ...

Modern Treasury announced a partnership with Paxos, a regulated blockchain and tokenization infrastructure platform, to make it easier for businesses to start using stablecoin payments alongside their ...