A consortium of cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has been established to back the latter's newest stablecoin offering, the Global Dollar (USDG). According to a statement released on November 5 by Paxos, the newly established "open network", called "The Global Dollar Network," aims ...
Blockchain infrastructure firm Paxos has introduced a new stablecoin, USDG, in Singapore. USDG is backed 1:1 by the U.S. dollar, and it was developed in partnership with DBS Bank to meet the regulatory standards of the Monetary Authority of Singapore (MAS), according to Paxos' announcement on November 1, 2024. This ...
Popular stablecoin issuer Paxos is set to introduce a new U.S. dollar-backed stablecoin in Singapore, marking a significant step in its global expansion strategy. In an official statement released on November 15, 2023, Paxos revealed that it obtained an in-principle approval from Singapore's top financial regulator, the Monetary Authority of ...
In a decisive move that underscores the growing influence of cryptocurrencies in the financial landscape, PayPal has taken the plunge into the world of stablecoins. On August 7, 2023, PayPal announced its entry product into the world of cryptocurrencies: the PayPal USD (PYUSD) stablecoin. This new stablecoin derives its value ...
Paxos has released a report intended to help the crypto community navigate the crypto winter and understand how to respond to current market conditions. The Paxos Crypto Winter Report 2023 is a 20-page document that identifies key opportunities for projects during this period, such as exploring solutions and identifying potential ...
