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Stablecoin issuer Paxos cuts 20% of workforce

STABLECOIN issuer Paxos has cut its workforce by about 20 per cent, or 65 people, according to an e-mail obtained by Bloomberg. ....

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Why Crypto Stablecoins Still Worry the Fed

Why Crypto Stablecoins Still Worry the Fed
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Exclusive: NY financial regulator approves Paxos expansion to Solana, allowing for its first stablecoin issuance beyond Ethereum

Paxos argues it is taking a more regulated approach to stablecoin issuance than Circle and Tether, its main competitors. ....

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Stablecoin Issuer Paxos Takes Solana Plunge, Scores Clearance To Broaden Offerings

Stablecoins issuer Paxos has been granted regulatory clearance to broaden its offerings onto the Solana (CRYPTO: SOL) blockchain. Plans to initiate this expansion are set for Jan. 17, 2024. ....

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PayPal Launches PYUSD - USD-Backed Stablecoin For Payments

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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