Paxos International is issuing an interest-bearing stablecoin called the Lift Dollar (USDL). The USDL will be regulated in the Abu Dhabi Global Market (ADGM) and pay overnight yield on the interest ...

If you have been following crypto commentators on Twitter since Sunday you have probably read that U.S. financial regulators' recent action against Paxos' centralized, dollar-pegged stablecoin BUSD is ...

Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said. Paxos, the blockchain firm behind the Pax Dollar stablecoin, is working to ...

The New York Department of Financial Services, the top finance regulator of New York, today ordered Paxos Trust Co. LLC to cease issuing new Binance USD stablecoins. The NYDFS called upon the company ...

Both the SEC and the New York Department of Financial Services are looking into the Binance USD token. Both the SEC and the New York Department of Financial Services are looking into the Binance USD ...

New York’s top financial regulator is investigating stablecoin issuer Paxos – and, according to a new report, it was rival stablecoin issuer Circle that sounded an alarm. Bloomberg reported on Monday ...

Crypto firm Paxos Trust Company LLC Monday announced the New York Department of Financial Service (NYDFS) ordered them, effective February 21, to cease issuing new BUSD tokens with fellow crypto firm ...

New York State Department of Financial Services Superintendent Adrienne A. Harris announced that Paxos Trust Company will pay a $26.5 million penalty to New York State for the alleged ‘failure to ...

NEW YORK (Reuters) -Paxos Trust reached a $48.5 million settlement to resolve New York charges the virtual currency company failed to police illegal activity related to cryptocurrency exchange Binance ...