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Regulated, fully-backed digital assets. Paxos-issued digital assets are backed by 1:1 redemption, held bankruptcy-remote and regulated by the New York Department of Financial Services. View reports. Issued by Paxos Trust Company, PYUSD is PayPal’s stablecoin designed for payments. LEARN MORE.
Paxos Trust Company LLC is a regulated financial institution and every aspect of its operations are supervised by the New York Department of Financial Services. Paxos received the first limited purpose trust charter for digital assets from the NYDFS in 2015.
Paxos Trust Company is a New York–based financial institution and technology company specializing in blockchain. [2] The company's product offerings include a cryptocurrency brokerage service, asset tokenization services, and settlement services.
Issued by Paxos Trust Company, PayPal USD (PYUSD) is PayPal’s stablecoin designed for payments. PYUSD is an ERC-20 tokenized digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, at any time, and it’s programmable.
Apr 23, 2021 · Stablecoin issuer and blockchain startup Paxos has become the third crypto-native company to score a federal trust charter through the U.S. Office of the Comptroller of the Currency (OCC).
Jul 12, 2024 · The U.S. Securities and Exchange Commission (SEC) has announced its decision to drop the investigation into stablecoin issuer Paxos, opting not to pursue an enforcement case.
Feb 22, 2023 · The firm behind Binance's stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the...
Apr 23, 2021 · Stablecoin issuer and blockchain startup Paxos has become the third crypto-native company to score a federal trust charter through the U.S. Office of the Comptroller of the Currency (OCC).
Jun 1, 2019 · The Paxos Standard Token (PAX) is a stablecoin managed by the Paxos Trust Company. PAX is directly tied to the US dollar in order to keep its price steady and consistent instead of highly volatile like most crypto assets.
Feb 9, 2023 · The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned. The full scope of the investigation is unclear.
