Paxos

Binance and Coinbase halt USDC conversions

Crypto exchanges Binance and Coinbase have paused USDC conversions as the stablecoin fails to regain its USD peg.

Aave DAO votes in favor of removing BUSD from V2 lending market

The Aave DAO community approved the proposal to offboard Paxos-issued Binance USD from the Aave V2 Ethereum market.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

Aave community considers freezing BUSD reserves

The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.

New York regulator orders Paxos to stop issuing BUSD

NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins. 

Paxos under investigation by New York regulator

Stablecoin issuer Paxos is being probed by the New York Department of Financial Services.

Mastercard To Aid Banks In Providing Crypto Trading And Custodial Services

Mastercard announced its partnership with Paxos, a crypto brokerage platform, to allow banks to offer custodial and crypto trading services to clients.

Latest News

Paxos under investigation by New York regulator

Stablecoin issuer Paxos is being probed by the New York Department of Financial Services.

Mastercard To Aid Banks In Providing Crypto Trading And Custodial Services

Mastercard announced its partnership with Paxos, a crypto brokerage platform, to allow banks to offer custodial and crypto trading services to clients.