Paxos
What We Know – and Don’t Know – About Stablecoins’ Dollar Backing
(Updated Oct. 31, 2021) As information disclosed by issuers varies, it’s not easy for investors to make apple-to-apple comparisons.
Bank of America, Coinbase Ventures Invested in Paxos' $300M Funding Round
The blockchain-based crypto services firm is disclosing more big names from its latest funding round.
Market Wrap: Bitcoin Holds Above $30K as Sentiment Improves
Bitcoin is holding up following a strong bounce from $30,000 support.
Paxos General Counsel on Stablecoin Backings, Risks and Regulations
Paxos, the crypto infrastructure firm behind Paypal, has released a breakdown of reserves of its stablecoins PAX and BUSD for the first time. Paxos General Counsel Dan Burstein discusses the key takeaways, noting differences between Paxos’ products and other stablecoins like USDC and USDT.
Paxos Reveals Assets Backing Stablecoins PAX, BUSD
Paxos's reserves consisted of only cash and U.S. Treasury bills.
Mastercard to Test USDC for Payments as Stablecoin Scrutiny Intensifies
Mastercard will use the USDC stablecoin as a bridge asset for cardholders who want to pay for goods using cryptocurrencies.
Paxos Adds Wedbush Securities in Quest for Same-Day Stock Settlement
Credit Suisse, Instinet and Societe Generale are also part of the program, which is meant to shrink stock settlement times to hours, not days.
Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
Sen. Sherrod Brown Urging the OCC to Reassess Crypto Trust Charters
Ohio Senator Sherrod Brown wrote a letter to Acting Comptroller of the Currency Michael Hsu, urging the OCC to reassess the trust charters granted to three crypto companies: Paxos, Anchorage, and Protego. CoinDesk's Nik De breaks down what we know so far about Brown's letter.
Senate Banking Chairman 'Concerned' by OCC's Crypto Charters
Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.
