PAXOS won the SEC confrontation and will further consolidate its stablecoin status

The 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.
Paxos, expanding to Solana, faces regulatory challenges while growing partnerships and market presence.
Stablecoin issuer Paxos took two successive regulatory blows last week from the U.S. SEC and NYDFS.
The stablecoin issuer says that it is working constructively with the SEC.
The recent regulatory action against Paxos and Binance over the partnership's dollar-pegged stablecoin has spooked investors.
CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.
Brazil's prominent payment app PicPay has decided to venture into the world of cryptocurrencies by teaming up with crypto exchange ...
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin.