Stablecoin issuer Paxos said early Monday it will cease creating new units for the $16 billion Binance Stablecoin (BUSD) at the direction of its state regulator, the New York Department of Financial ...

New York state regulators ordered Paxos to stop minting new Binance USD tokens, Binance CEO Changpeng Zhao said on Twitter. The Ethereum-built BUSD tokens are backed by some $16 billion worth of ...

Paxos, the issuer of stablecoins such as PayPal USD (PYUSD) and Pax Dollar (USDP), has confirmed responsibility for the recent incident involving a $500,000 overpayment in Bitcoin fees. Initially, it ...

NEW YORK, Nov. 25, 2025 /PRNewswire/ -- Paxos, the leading regulated blockchain infrastructure platform, today announced it has acquired Fordefi, an institutional-grade custody and wallet technology ...

The stablecoin issuer admitted it had overpaid the Bitcoin network fee The processing fee was significantly higher than the transaction amount Paxos assured none of the clients or customers were ...

Paxos, the blockchain infrastructure platform, announced it has acquired Fordefi, which is described as an institutional-grade custody and wallet technology provider. Businesses have reportedly relied ...

What’s wrong with current stablecoins? Put simply, too much profit is directed to issuers. In most cases, the yield from reserves flows back to those managing the stablecoin rather than to its users.

SAN FRANCISCO--(BUSINESS WIRE)--Modern Treasury today announced a partnership with Paxos, a leading regulated blockchain and tokenization infrastructure platform, to make it easier for businesses to ...