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News for tag: "Paxos"

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Paxos Accidentally Mints $300 Trillion in PayPal Stablecoin PYUSD, Exceeding Total USD Supply

16.10.2025 08:21

Blockchain infrastructure company Paxos experienced a major technical error resulting in the accidental creation of $300 trillion worth of PayPal\'s PYUSD stablecoin. This staggering amount significan...

Bullish

Coinbase Seeks Federal Trust Charter for Crypto Services Expansion, Not Banking

04.10.2025 02:18

Coinbase (COIN) has officially applied for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC), positioning the crypto exchange for federal regulatory oversight. Thi...

Bullish

Aleo and Paxos Labs Launch USAD Privacy Stablecoin for Institutional Crypto

01.10.2025 15:51

Paxos Labs and Aleo Network Foundation have announced the launch of USAD, a U.S. dollar-pegged stablecoin designed with privacy features for financial institutions. Built on Aleo\'s zero-knowledge blo...

Neutral

NYDFS Superintendent Adrienne Harris Departs Crypto Regulator, Kaitlin Asrow Acting Head

30.09.2025 01:18

New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris will step down from her position next month, Governor Kathy Hochul announced. Harris, who served as acting superintende...

Bullish

PayPal Partners with Spark to Inject $1B PYUSD Liquidity via DeFi Lending

25.09.2025 17:48

PayPal has joined forces with decentralized finance (DeFi) platform Spark to significantly increase on-chain liquidity for its PayPal USD (PYUSD) stablecoin. The ambitious plan aims to scale current d...

Bullish

OKX Launches 4.1% APY on USDG Stablecoin Amid Growing Yield Competition

23.09.2025 16:54

Cryptocurrency exchange OKX announced the launch of a 4.1% annual percentage yield (APY) on its USDG stablecoin, with weekly payouts and no staking lock-up periods required.The move is a direct respon...