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Paxos Trust Company, the cryptocurrency infrastructure firm that issues PayPal's PYUSD stablecoin, announced Monday it is applying for a national trust bank charter with federal regulators. The move positions the company alongside Circle and Ripple in a recent wave of digital asset firms seeking exp

A new stablecoin payment system has entered the crypto market as Paxos collaborated with payment processor Stripe to launch this feature. Crypto investors can find the new stablecoin payment system when they use the “Pay with Crypto” option on Stripe. The platform is trying to revolutionise internat

The U.S. Securities and Exchange Commission (SEC) has called off its probe into stablecoin-issuer Paxos. This move signals a win for the crypto world. It suggests the regulator no longer views stablecoins as securities. Fortune broke the news. The decision could reshape the crypto landscape. It migh

Paxos, a leading stablecoin issuer, cuts 20% of workforce. That comes as a move to ‘de-prioritizing adjacencies’, the company says. According to Bloomberg report, the stablecoin firm is lessening its focus on non-core offerings. The staff cut eliminates 65 employees. As a result, Paxos’ headcount wi

Paxos International has announced the issuance of a regulated, interest-paying U.S. dollar-pegged stablecoin. The trick is that this new digital asset, named USDL, will not be available to users in the United States. USDL aims to stand out by not only being pegged to the U.S. dollar but also offerin