Paxos Expands Stablecoin Reach to Solana
Paxos, expanding to Solana, faces regulatory challenges while growing partnerships and market presence.

Paxos, expanding to Solana, faces regulatory challenges while growing partnerships and market presence.
Paxos gains regulatory approval to launch USDP on Solana, expanding beyond Ethereum.
Paxos, announced today that it has obtained in-principle approval (IPA) from the Monetary Authority of Singapore (MAS).
PayPal recently made headlines by overpaying an astonishing $510,750 as a Bitcoin transaction fee. According to their spokesperson, its infrastructure partner Paxos was responsible instead.
The stablecoin issuer says that it is working constructively with the SEC.
The BUSD supply decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure.
Crypto firm ConsenSys is announcing a new partnership with payments giant PayPal to create a convenient way for investors to purchase Ethereum (ETH).
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The bear flag setup for SOL price could result in another interim relief rally amid macro headwinds.