Paxos, a blockchain firm behind the USDP stablecoin, is pushing stablecoin adoption in the payments industry with a new platform and Stripe as its first customer.

Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD, stating that the coin is fully backed by assets.

Crypto firm Paxos Trust Company LLC Monday announced the New York Department of Financial Service (NYDFS) ordered them, effective February 21, to cease issuing new BUSD tokens with fellow crypto firm ...

NYDFS Investigation into Business Operations of Paxos Found Deficient Transaction Monitoring and Compliance Program Led to Increased Money Laundering Risk ...