Join the most important conversation in crypto and web3! Secure your seat today The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar...
Tag: Stablecoin
Stablecoin Issuer Paxos Faces SEC Wrath Over Binance USD
According to reports on Feb. 12 citing ‘people familiar with the matter,’ the SEC plans to take action against Paxos over the Binance stablecoin, BUSD. The WSJ report stated that the financial regulat...
SEC Drops the hammer on Paxos – Sues The Exchange Over Binance Stablecoin
The United States Securities and Exchange Commission (SEC) has informed Paxos Trust Co. that it intends to sue the company for violating investor protection laws. This move comes as part of the SEC’s ...
PayPal Halts Stablecoin Project Amid Regulatory Scrutiny
Fintech giant PayPal has stopped work on its upcoming stablecoin project amid the regulatory scrutiny and crackdown of the crypto sector by United States regulatory bodies. Reports by Bloomberg indica...
Stablecoin Issuer Paxos Under Scrutiny
The crypto company and stablecoin issuer Paxos is under investigation by a New York-based regulatory body. NYDFS Launches Investigation Against Paxos The New York Department of Financial Services (NY...
PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown
The digital payments giant PayPal is reportedly pausing work on its stablecoin following news that its partner in the effort is under investigation by a New York regulatory agency. PayPal, which just ...
PayPal Pauses Stablecoin Launch, Holds $600M in Crypto
As per its annual report, PayPal, the leading financial institution, revealed that it held $604 million worth of crypto assets on behalf of its customers as of December 31, 2022. The report showed tha...
PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto
– Advertisement – Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators. The fintech giant had partnered with Paxos for its stable...
Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry – Bitcoin News
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would wor...
Unrest in the Stablecoin market: $2B + USDC Redemption in 30 days
USDC circulation dropped by 4.9% while Tether’s circulation increased by 3%. The Stablecoin economy accounts for 12.9% of the total crypto economy. Eight out of every 10 trades are conducted using st...
Aave Stablecoin GHO live on Ethereum’s Testnet…will Aave Price go higher?
The creators of the lending and borrowing system Aave Companies released their native stablecoin called GHO on the Ethereum Goerli testnet. Here’s what you need to know about the Aave stablecoin GHO. ...
PayPal pauses Stablecoin development amid regulatory crackdown
Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry. Its stablecoin development partner Paxos is currently facing a pr...
Aave’s New Stablecoin Is GHO for Launch on Ethereum Testnet
Open-sourced decentralized finance liquidity protocol Aave is deploying its native stablecoin GHO on Ethereum’s Goerli testnet. Aave’s native token (AAVE) spiked by about 10% on the news, before retre...
PayPal puts its stablecoin project on hold
Ad Payments giant PayPal has paused work on a potential upcoming stablecoin, Bloomberg News reported on Feb. 10. A representative of the company told Bloomberg: “We are exploring a stablecoin…If and w...
PayPal Halts Development of Upcoming Stablecoin Amid NYDFS Scrutiny
2 hours ago | 2 mins read Altcoin News The project was expected to come in the following weeks. NYDFS is looking into the stablecoin issuer Paxos. Bloomberg reports that due to regulatory worries in t...
PayPal Suspends Work On Its Stablecoin As Regulators Step Up Crypto Scrutiny
Based on reports from various news outlets, PayPal has apparently decided to abort the launch of its stablecoin that was expected to be unveiled in the upcoming weeks, despite releasing its 2022 fourt...
DeFi Platform MakerDAO Integrates Chainlink Automation for Stablecoin DAI ⋆ ZyCrypto
Advertisement     The step aims to stabilize the stablecoin amid a volatile market. According to the Maker’s voting page, the new system goes live on Feb.11. Cryptocur...
Maker Dao integrates chainlink for DAI stablecoin
MakerDAO, the decentralized autonomous organization behind the popular DAI stablecoin, has recently announced a partnership with Chainlink, a leading decentralized oracle network. The integration of ...
Aave launches GHO stablecoin on Ethereum testnet as token checks the bears
GHO, the Aave decentralized stablecoin was deployed on the Ethereum Testnet. The AAVE price action got closer to bearish sentiment. Decentralized lending project Aave has launched its stablecoin GHO ...
New York Regulator Investigates Stablecoin Issuer Paxos
Paxos, a leading stablecoin issuer, is currently under investigation by the New York Department of Financial Services (NYDFS). The investigation comes amid growing concerns about the stability a...
PayPal pauses stablecoin project amid Paxos probe: Bloomberg
PayPal’s putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source. The news came a day after a report that the New York Departmen...
Top Stablecoin Tether (USDT) Reports $700,000,000 Profit and Zero Commercial Paper Holdings in Q4
The latest attestation report of global accounting firm BDO backs up stablecoin issuer Tether’s claim that it finally eliminated commercial paper holdings from its reserve in Q4 of 2022. BDO’s indepen...
USDP Stablecoin Dips to $0.98 As NYDFS Looks Into Paxos
The USDP stablecoin lost its peg briefly on Feb. 10 after falling to $0.98. The New York Department of Financial Services (NYDFS) is reportedly probing Paxos. The USDP stablecoin, managed by Paxos, br...
MakerDAO partners with Chainlink Automation for DAI stablecoin
MakerDAO recently announced the successful integration of Chainlink Automation. As the creator of DAI, the protocol has onboarded Chainlink to its Keeper Network. MakerDAO’s Keeper Network acts as an ...
Aave Launches GHO Stablecoin on Ethereum Goerli Testnet
9 hours ago | 2 mins read Altcoin News The system mandates that borrowers put up greater assets than the loan’s face value. The GHO source has been released on Github for developers to review and test...
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits – Altcoins Bitcoin News
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on ...
Stablecoin Tether (USDT) profits and reserves
The most prominent stablecoin in the crypto ecosystem, Tether (USDT), has recently revealed its profits worth $700 million during the last phase of 2022. The data was provided by BDO, a leading global...
Ready to GHO? Aave Launches Native Stablecoin on Ethereum Testnet
Aave Companies, the firm behind the eponymously-named lending and borrowing protocol, are launching its native stablecoin GHO on the Ethereum Goerli testnet. Pronounced “GO,” the stablecoin is fully d...
Stablecoin giant Tether records surprise $700 million profit
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s top ...