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

November 19, 2024 Bitcoin.com

bitcoin.com

This 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 […]

Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

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

October 25, 2024 Bitcoin.com

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

bitcoin.com

Fireblocks, 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 […]

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer

October 16, 2024 Bitcoin.com

bitcoin.com

Paxos, 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 […]

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

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

August 30, 2024 Bitcoin.com

Ethena’s USDE Sees Market Cap Shrink by 0M in Less Than 2 Months

Altcoins

Based 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 […]

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

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

August 26, 2024 Bitcoin.com

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

bitcoin.com

On 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 […]

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

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

July 18, 2024 Bitcoin.com

Stablecoin Market Expands by 4M in 7 Days, Led by Paypal’s PYUSD Growth

Altcoins

While 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 […]

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

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

July 11, 2024 The Daily Hodl

Binance

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.

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

SEC will not pursue enforcement action against Paxos

July 11, 2024 Coin Telegraph

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.”

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

SEC Withdraws Enforcement Action Against Paxos’ BUSD Stablecoin

July 11, 2024 Bitcoin.com

Binance

The 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 […]

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

SEC quietly closes investigation into Paxos – no securities charges against BUSD

July 11, 2024 The Crypto Briefing

BUSD

The SEC's decision may set a precedent, potentially easing regulatory pressures on stablecoins and influencing future crypto asset regulations.

The post SEC quietly closes investigation into Paxos – no securities charges against BUSD appeared first on Crypto Briefing.

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