Transak Lists Paypal’s PYUSD for Easier Crypto Access

June 18, 2024 Bitcoin.com

bitcoin.com

According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak, Aiming to Ease Defi Transition Transak, a Web3 payments infrastructure provider, has added […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

February 19, 2023 Bitcoin.com

8 hours

Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

February 13, 2023 Bitcoin.com

8 hours

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD

February 13, 2023 Bitcoin.com

$16.1 billion

According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD and it was ending its […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months

October 22, 2022 Bitcoin.com

$21.78 billion

In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin have shed some excess weight. While Tether and […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Mastercard to Help Banks Offer Crypto Trading — Executive Says Crypto Is on the ‘Cusp of Really Going Mainstream’

October 18, 2022 Bitcoin.com

bitcoin.com

Payments giant Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard has partnered with Paxos Trust Company to support this program. A Mastercard executive says that crypto is on the “cusp of really going mainstream.” Mastercard to Help Banks […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months

June 6, 2022 Bitcoin.com

.999 fine gold

15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange rate. While gold has risen in value, the top two tokenized gold coins have grown significantly since then. Pax gold (PAXG), for instance, has seen […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums

March 23, 2022 Bitcoin.com

.999 fine gold

While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in 31 days from $424 million to today’s $611 million. PAXG […]

Paxos Trust Company

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