The Global Dollar Network, backed by major fintech and crypto firms, has introduced USDG, a new stablecoin tied to the US dollar to promote stablecoin adoption globally. Issued by Paxos from Singapore, USDG aims to meet regulatory standards and encourage use in real-world transactions.
WeatherlyCascarilla warned that without a supportive regulatory environment, the United States is at risk of losing its competitive advantage in the global financial sector.
JinseFinance
BernicePaxos, a stablecoin issuer, is laying off 20% of its workforce despite having $500 million in liabilities, and plans to focus on stablecoins and tokenizing real-world assets in the future.
WenJunThe international unit of New York-based Paxos will issue a stablecoin pegged to the U.S. dollar, but it will not be issued in the United States.
JinseFinancePaxos, expanding to Solana, faces regulatory challenges while growing partnerships and market presence.
Cheng YuanPaxos's recent regulatory approvals in the Middle East mark a significant leap in its global expansion. The company's commitment to compliance, transparent stablecoins, and strategic partnerships position it as a key player in the evolving landscape of the digital asset market. However, discussions about regulatory balance in the blockchain space underscore the cautious approach to decentralized financial systems.
Cheng YuanPaxos, announced today that it has obtained in-principle approval (IPA) from the Monetary Authority of Singapore (MAS).
OlivePayPal 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.
CatherineThe court filing unveiled that Binance maintained multiple accounts at now-defunct Silvergate Bank and Signature Bank.
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