Paxos

Solana (SOL) experienced a robust surge in price and interest lately, sparking concerns about the sustainability of its rally. However, a recent development within the Solana ecosystem may solidify its bullish momentum. On December 22, Paxos made a pivotal move by expanding to Solana and transitioning its stablecoin, USDP, from Ethereum. New York’s Department of […]

Paxos, the leading stablecoin issuer, has received regulatory approval from the New York Department of Financial Services (DFS) to launch its products on the Solana blockchain. Paxos said the approval by the financial regulator marks a significant milestone for the evolution and innovation of the firm’s enterprise and consumer-focused operations, according to the details shared […]

PayPal Holdings, a global payments firm expanding into the crypto space, received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its US dollar stablecoin PayPal USD (PYUSD), the company disclosed on Nov. 2 in its Q3 financial report with the SEC. PayPal noted: “On November 1, 2023, we received a subpoena […]