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Paxos Debuts Fiat Gateway With Binance Crypto Exchange as Its First Client

News Leading cryptocurrency exchange Binance became the first cryptocurrency exchange to implement the fiat gateway of stablecoin operator Paxos. On Nov. 12, Paxos announced the launch of its Fiat Gateway, a service that allows its users to swap between dollars and stablecoins on a one-to-one basi..

Paxos to Debut Blockchain-Based Clearing & Settlement Pilot for U.S. Stock Market

Blockchain startup Paxos is set to launch a blockchain pilot for clearance and settlements in the U.S. stock market. The project provides an alternative to the process offered by the Depository Trust and Clearing Corp (DTCC). If successful, the Paxos system will be one of the first blockchain imple..

Paxos Launches Settlement Platform for Equity Securities After SEC Relief

News Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities. In an Oct. 28 press release, digital asset trust company Paxos stated that it is moving forward with the launch of its blockchain-based settleme..

BUSD — Binance and Paxos Stablecoin Latest to Get US Regulator Consent

Analysis Over the course of the past few weeks, the global cryptocurrency community bore witness to two major announcements related to stablecoins — with the first being the launch of Paxos’s gold-backed Ethereum token, PAX Gold (PAXG), and the other being the release of Binance’s cryptocoin backe..

Double Whammy: NYDFS Approves Binance Stablecoin & Paxos Gold-Backed Crypto

One of the promises of public blockchains is being able to use them to securely issue digital tokens that are pegged to real world assets. However, the “real world” isn’t well acquainted with the cryptoeconomy yet, so for now it’s notable when any important regulatory body gives the nod to digital ..

Paxos Launches PAX Gold, Regulated and Redeemable for Physical Gold

News Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token. Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Departmen..

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

News Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS) Binance USD available later this month In a press rel..

What’s Happened to Gemini Dollar? Supply Down 92% YTD

Demand for Gemini exchange’s native stablecoin, Gemini dollar (GUSD), has dropped significantly over the last 7 months while other pegged-value assets continue to soar. Gemini Dollar Falls Behind The market capitalization of the dollar-pegged token has been on its way down since December 20, 2018. ..

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