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Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant

Bitcoin.com
Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant
bitcoin.com
Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA CompliantThis strategic move is aimed at accelerating Paxos’ commitment to compliant financial products and success of its stablecoins. USD-Backed Stablecoins in Europe Paxos, a regulated financial institution and provider of tokenized products has announced an agreement in principle to acquire Membrane Finance, a blockchain infrastructure company, subject to regulatory approval. With this acquisition, Paxos is […]
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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Fireblocks Launches $1M Grant Program to Promote Paypal’s PYUSD Adoption

Bitcoin.com
Fireblocks Launches M Grant Program to Promote Paypal’s PYUSD Adoption
bitcoin.com
Fireblocks Launches M Grant Program to Promote Paypal’s PYUSD AdoptionFireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a […]
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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer

Bitcoin.com
Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer
bitcoin.com
Paxos Launches New Stablecoin Payments Platform With Stripe as First CustomerPaxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach […]
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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

Bitcoin.com
Ethena’s USDE Sees Market Cap Shrink by 0M in Less Than 2 Months
Altcoins
Ethena’s USDE Sees Market Cap Shrink by 0M in Less Than 2 MonthsBased on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug. 30, the stablecoin economy expanded from […]
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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year

Bitcoin.com
Paypal’s PYUSD Stablecoin Reaches Billion Market Cap in Just Over a Year
bitcoin.com
Paypal’s PYUSD Stablecoin Reaches Billion Market Cap in Just Over a YearOn Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued on Solana. Paypal’s PYUSD Surpasses $1 Billion Market Cap Recent data shows that the market cap […]
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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

Bitcoin.com
Stablecoin Market Expands by 4M in 7 Days, Led by Paypal’s PYUSD Growth
Altcoins
Stablecoin Market Expands by 4M in 7 Days, Led by Paypal’s PYUSD GrowthWhile the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]
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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report

The Daily Hodl
SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report
Binance
SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report

The U.S. Securities and Exchange Commission (SEC) is abandoning its probe into the stablecoin-issuer Paxos, according to multiple reports. Per Fortune, the SEC’s decision to no longer pursue Paxos over its BUSD stablecoin signals a win for the crypto industry, indicating that the regulator is no longer considering stablecoins as securities. According to an announcement […]

The post SEC Drops Investigation Into Paxos, Decides BUSD Stablecoin Not a Security: Report appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

SEC will not pursue enforcement action against Paxos

Coin Telegraph
SEC will not pursue enforcement action against Paxos
Binance USD

The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.

The United States Securities and Exchange Commission intends to drop its investigation into stablecoin issuer Paxos and not file an enforcement case.

According to a July 9 letter by Jorge Tenreiro, acting chief of the crypto assets and cyber unit, the SEC will not recommend an enforcement action against Paxos over the Binance USD (BUSD) token. In February 2023, Paxos received an SEC Wells notice claiming that BUSD was an unregistered security and that the platform violated federal securities laws.

“Paxos Trust Company has always maintained that its USD-backed stablecoins are not securities under federal securities laws and that the Wells Notice was unwarranted and unjustified,” said Paxos in a July 11 statement. “We are proud of our relentless advocacy for stable-value digital assets and that the SEC staff determined it will not bring enforcement action against Paxos in connection with BUSD.”

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

Bitcoin.com
SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin
Binance
SEC Withdraws Enforcement Action Against Paxos’ BUSD StablecoinThe Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning the BUSD stablecoin, which is backed by […]
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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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