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Blockchain infrastructure provider Paxos has reached approximately $6.6 billion in total issued digital assets across its regulated stablecoin and tokenization platform. The milestone comes as institutional demand accelerates for compliant, dollar-backed cryptocurrencies amid tightening global stabl

Five major crypto firms received conditional approval Friday to become national trust banks in the most sweeping federal action yet to bring stablecoin issuers under direct banking supervision. The Office of the Comptroller of the Currency cleared Circle, Ripple, BitGo, Fidelity Digital Assets and P

In an extraordinary attempt at damage control, Paxos CEO Charles Cascarilla sought to reframe his company's accidental minting of $300 trillion worth of PayPal's PYUSD stablecoin as evidence of blockchain technology's inherent transparency rather than a catastrophic operational failure. Speaking at

The New York Department of Financial Services confirmed Wednesday that Paxos mistakenly created $300 trillion in unbacked PayPal USD (PYUSD) stablecoins during a routine transfer operation on October 15, marking one of the largest fat-finger errors in financial history. The regulator stated it remai

Circle and Paxos have announced a pilot program designed to verify cryptocurrency holdings through advanced blockchain authentication, partnering with fintech startup Bluprynt as Circle's stock trades at $127 per share following a significant market decline. What to Know: Circle and Paxos are testin