The New York Department of Financial Services (NYDFS) confirmed a significant blunder by Paxos, its stablecoin issuer, which created an estimated $300 trillion in unbacked PayPal USD (PYUSD) […]
Paxos Accidentally Minted $300 Trillion Worth of PYUSD
A technical glitch at stablecoin issuer Paxos sent shockwaves through the crypto community on Wednesday, as they inadvertently minted a staggering $300 trillion worth of PayPal USD (PYUSD) […]
Paxos Accidentally Mints $300 Trillion PYUSD on Ethereum
A technical error at Paxos resulted in the accidental minting of $300 trillion PYUSD on Ethereum on October 15, 2025. The excess tokens were swiftly burned within a […]
Paxos Addresses Technical Glitch in Stablecoin Issuance
An accidental minting of 300 trillion PYUSD stablecoins occurred earlier today at Paxos, a stablecoin issuer. The company quickly addressed the issue by destroying the excess tokens within […]
Kraken to List USDH from Day One with Paxos Bidding for Stablecoin Contract
Kraken has agreed to list USDH and Hyperliquid’s HYPE token upon launch, if Paxos secures the contract for the stablecoin. This move would position Paxos as a major […]
Paxos’ USDH Stablecoin Proposal Aims to Revolutionize Payments
Paxos Labs is taking a bold step forward with its latest proposal for the USDH stablecoin, designed in collaboration with Hyperliquid. This revised offer brings PayPal and Venmo […]
PayPal & Paxos Enter the Race to Issue Hyperliquid’s USDH Stablecoin
A major shake-up in the stablecoin world is brewing as industry giants PayPal and Paxos have entered the race for the rights to issue Hyperliquid’s USDH stablecoin. This […]
Circle and Paxos Launch Pilot Program for Enhanced Stablecoin Trust
Leading stablecoin issuers Circle and Paxos have partnered with Bluprynt to launch a pilot program aiming to bolster transparency and trust within the market. The initiative seeks to […]
Paxos Aims to Become US National Trust Bank
Paxos, a major player in the stablecoin and tokenization space, has officially submitted an application to become a national trust bank under the Office of the Comptroller of […]
Paxos Seeks US Bank License, Aiming for Stablecoin Regulation Boost
Paxos Trust Company, issuer of the USDP stablecoin, has resubmitted its application to convert its New York trust license into a full-fledged US national bank charter. This formal […]
Paxos Applies for Trust Bank License, Raising Regulatory & Market Implications
Cryptocurrency firm Paxos has reportedly applied for a U.S. trust bank license, potentially expanding its operations and impacting stablecoin issuance. While the application remains unconfirmed, market attention is […]
Paxos Seeks U.S. National Trust Charter for Enhanced Safety and Transparency
Paxos Trust Company has officially applied to convert its New York limited purpose trust charter into a U.S. national trust charter with the Office of the Comptroller of […]
Paxos Applies for National Trust Charter with OCC
Paxos, a leading cryptocurrency firm, has officially filed to obtain a national trust charter from the U.S. Office of the Comptroller of Currency (OCC). This move signals a […]
Paxos Seeks Federal Trust Charter, Expanding Regulatory Reach
Crypto tokenization provider Paxos has applied to the U.S. Comptroller of the Currency (OCC) for a National Trust Charter. This move aims to bolster regulatory compliance and build […]
Paxos Seeks National Trust Bank Charter for Expanded Operations
Crypto infrastructure firm Paxos has officially filed for a U.S. national trust bank charter with the OCC, aiming to expand its nationwide reach and operate under federal oversight. […]