Crypto infrastructure provider Paxos has acquired Fordefi for over $100 million. This move brings the company’s secure, regulated custody framework closer to on-chain finance applications and expands its […]
Unconfirmed Paxos Acquisition of Fordefi Raises Speculation
Crypto payment infrastructure firm Paxos reportedly acquired New York-based crypto wallet startup Fordefi. However, no official statements confirm the acquisition as of November 26, 2025. The reported deal, […]
Paxos Acquires Fordefi to Provide Advanced Digital Asset Solutions for Institutions
Paxos has made a strategic acquisition of Fordefi, an institutional-grade custody and wallet technology provider. This move significantly enhances Paxos’ ability to offer advanced custody solutions to institutions […]
Paxos Acquires Fordefi to Boost Stablecoin and Tokenization Services
Blockchain infrastructure firm Paxos has acquired Fordefi, a New York-based company providing secure institutional crypto wallets and custody solutions. This strategic move combines Paxos’ regulated platform with Fordefi’s […]
Paxos Acquires DeFi Wallet Fordefi for $100 Million
Crypto infrastructure company Paxos has acquired the New York-based wallet startup Fordefi in a deal valued at over $100 million. This acquisition represents a major step forward for […]
Paxos Acquires Fordefi for Enhanced Institutional Crypto Custody
Paxos, a leading player in the stablecoin market, has significantly expanded its operations through the acquisition of Fordefi. This strategic move focuses on strengthening Paxos’ position within the […]
Paxos Acquires Crypto Wallet Startup Fordefi in Major Deal Worth Over $100 Million
Crypto payment infrastructure provider Paxos has closed a significant acquisition of New York-based crypto wallet startup Fordefi for over $100 million. Fordefi, known for its DeFi-focused wallet solutions, […]
Paxos Launches Regulated Stablecoin: USDG0, Paving the Way for Seamless Blockchain Transactions
Paxos has launched USDG0, a novel regulated stablecoin designed to enhance blockchain transactions. This stablecoin, approved by the New York State Department of Financial Services (NYSDFS), offers seamless […]
Paxos Launches USDG0: Bringing Regulated Dollar Liquidity Across Multiple Chains
Paxos Labs has launched USDG0, an omnichain extension of its regulated USD stablecoin. This innovation leverages LayerZero’s OFT (Omnichain Fungible Token) standard to provide fully backed dollar liquidity […]
Paxos Launches Stablecoin Salary Option for Employees
Financial technology firm Paxos has partnered with Toku and integrated its payroll platforms ADP and Workday to offer a revolutionary new feature: the ability to receive part of […]
Paxos Makes $3 Trillion Mistake: 300 Trillion PYUSD Minted and Burned
A technical error at Paxos led to the accidental creation of 300 trillion PYUSD, momentarily impacting the stability of the stablecoin. The incident sparked concerns about control and […]
Paxos Addresses Technical Glitch, Reclaiming Stability for PYUSD
A technical glitch caused a temporary surge in the supply of Paxos-issued stablecoin PYUSD. The error, discovered at 3:12 PM ET, led to the accidental creation of approximately […]
Paxos Rectifies $4,500 Trillion Stablecoin Minting Glitch
A technical error has resulted in Paxos accidentally minting 300 trillion PYUSD tokens on Ethereum, but the company swiftly neutralized the issue. 20 minutes after the event, all […]
Paxos Mints and Burns 300 Trillion PYUSD: Stablecoin Issuance Protocol Under Scrutiny
On October 15, 2025, Paxos Trust Company made a significant error on the Ethereum network, accidentally minting 300 trillion PYUSD stablecoins. Despite this unexpected surge, the stablecoin remained […]
Paxos Triggers $300 Trillion Cryptocurrency Glitch: A Look at Stablecoin Risks
A brief but significant error by Paxos led to the accidental creation of a staggering $300 trillion in PayPal’s new stablecoin, PYUSD. This unexpected event triggered an immediate […]