paxos Archives - Top Crypto Game https://topcryptogame.com/tag/paxos/ The latest crypto news! Tue, 10 Sep 2024 16:05:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png paxos Archives - Top Crypto Game https://topcryptogame.com/tag/paxos/ 32 32 Paxos to leverage Arbitrum for seamless real-world asset tokenization https://topcryptogame.com/paxos-to-leverage-arbitrum-for-seamless-real-world-asset-tokenization/ https://topcryptogame.com/paxos-to-leverage-arbitrum-for-seamless-real-world-asset-tokenization/#respond Tue, 10 Sep 2024 16:05:23 +0000 https://topcryptogame.com/paxos-to-leverage-arbitrum-for-seamless-real-world-asset-tokenization/ Paxos, a leading tokenization platform, will integrate Arbitrum, marking its first foray into the Ethereum layer-2 ecosystem, according to a Sept. 10 statement shared with CryptoSlate. This move aims to streamline institutional integration on Arbitrum for on-chain tokenization of real-world assets. Using Arbitrum, Paxos will tap into Ethereum’s liquidity, benefiting from faster speeds and lower […]

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Paxos, a leading tokenization platform, will integrate Arbitrum, marking its first foray into the Ethereum layer-2 ecosystem, according to a Sept. 10 statement shared with CryptoSlate.

This move aims to streamline institutional integration on Arbitrum for on-chain tokenization of real-world assets.

Using Arbitrum, Paxos will tap into Ethereum’s liquidity, benefiting from faster speeds and lower costs. This move will also allow enterprises and institutions to leverage DeFi capabilities, driving innovation in financial products and services.

Both platforms are set to bring tokenized assets to the Arbitrum protocol soon. Details about these products have yet to be released.

Meanwhile, Paxos’ regulated framework would ensure its tokenization offerings comply with financial regulations. Further, the integration will allow its institutional clients to benefit from Arbitrum’s scalable and efficient infrastructure.

According to L2Beats data, Arbitrum is the largest Ethereum network, controlling around 40% of the layer-2 ecosystem, far ahead of rivals like Optimism and the Coinbase-backed Base network.

Driving stablecoin adoption

Luke Xiao, Fintech Partnership Lead at Offchain Labs, emphasized the collaboration’s impact on Arbitrum and the broader DeFi landscape.

Xiao expressed enthusiasm about introducing stablecoin issuance and regulated tokenization through Paxos on Arbitrum.

Xiao stated:

“Arbitrum’s high performance network and robust ecosystem makes it a natural home for Paxos’ tokenization platform. This collaboration brings together Paxos’ industry-leading infrastructure and Arbitrum’s robust onchain ecosystem. We’re excited to see the transformative impact this will have on DeFi and the broader Arbitrum ecosystem.”

Walter Hessert, Paxos’ Head of Strategy, expressed optimism about the partnership and highlighted its potential to drive the widespread adoption of stablecoins. He said:

“Arbitrum is known for its speed, security and scalability, which is critical to driving long-term adoption of digital assets across industries.  In the next three years, the adoption of stablecoins by both retail and institutional user will explode and Paxos will drive that paradigm shift.”

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]]> https://topcryptogame.com/paxos-to-leverage-arbitrum-for-seamless-real-world-asset-tokenization/feed/ 0 SEC ends probe into Paxos, no actions on BUSD stablecoin https://topcryptogame.com/sec-ends-probe-into-paxos-no-actions-on-busd-stablecoin/ https://topcryptogame.com/sec-ends-probe-into-paxos-no-actions-on-busd-stablecoin/#respond Thu, 11 Jul 2024 16:51:23 +0000 https://topcryptogame.com/sec-ends-probe-into-paxos-no-actions-on-busd-stablecoin/ The US Securities and Exchange Commission (SEC) has ended its investigation into stablecoin issuer Paxos. On July 11, Paxos announced that it received an investigations termination notice from the SEC a few days earlier on July 9. The notice confirmed that the regulator would not pursue enforcement action against Paxos Trust Company regarding the Binance […]

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The US Securities and Exchange Commission (SEC) has ended its investigation into stablecoin issuer Paxos.

On July 11, Paxos announced that it received an investigations termination notice from the SEC a few days earlier on July 9. The notice confirmed that the regulator would not pursue enforcement action against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin.

This development comes over a year after the SEC issued a Wells notice suggesting a potential enforcement action against the stablecoin issuer over its role in the dollar-backed BUSD stablecoin. Notably, it also follows a recent federal judge’s ruling that BUSD sales did not contravene securities law, as the financial regulator claimed.

While BUSD’s supply has all but evaporated, Paxos had publicly maintained that the stablecoin was not a security and promised to fight the SEC claims.

Following the completion of the SEC’s investigations, the firm reiterated this claim, stating:

“Paxos Trust Company has always maintained that its USD-backed stablecoins are not securities under federal securities laws and that the Wells Notice was unwarranted and unjustified.”

Paxos has issued several regulated digital assets, including PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG). The company holds licenses from various financial regulators, including the NYDFS in the US, the MAS in Singapore, and the FSRA in the Abu Dhabi Global Market.

‘New wave of adoption’

Paxos predicts that the conclusion of the SEC’s investigation into the BUSD stablecoin will spur a new wave of stablecoin adoption by major global enterprises.

It stated:

“Well-designed stablecoins with strong consumer protections – like those issued by Paxos – will transform the financial system in payments, settlement and remittance use cases. This transformative technology will make the financial system more stable, accessible and transparent.”

Stablecoins have proven to be one of the most effective real-world applications of crypto technology, particularly in emerging markets such as Nigeria. The assets are usually pegged to the US dollar and provide a stable alternative to volatile crypto like Bitcoin.

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]]> https://topcryptogame.com/sec-ends-probe-into-paxos-no-actions-on-busd-stablecoin/feed/ 0 🚨WARNING | Crypto in Danger – Crypto Giant BINANCE Targeted | Major Ethereum Polygon News https://topcryptogame.com/%f0%9f%9a%a8warning-crypto-in-danger-crypto-giant-binance-targeted-major-ethereum-polygon-news/ https://topcryptogame.com/%f0%9f%9a%a8warning-crypto-in-danger-crypto-giant-binance-targeted-major-ethereum-polygon-news/#respond Tue, 11 Jul 2023 20:38:25 +0000 https://topcryptogame.com/%f0%9f%9a%a8warning-crypto-in-danger-crypto-giant-binance-targeted-major-ethereum-polygon-news/ The Crypto markets are in danger as the SEC targets Binance BUSD after charging Kraken $30 Million last week for its staking services. Ethereum is getting read for its next testnet, clearpool joins Polygon, and Sushi Swap has acquired Vortex Protocol! 🚀Find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access🚀 […]

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The Crypto markets are in danger as the SEC targets Binance BUSD after charging Kraken $30 Million last week for its staking services. Ethereum is getting read for its next testnet, clearpool joins Polygon, and Sushi Swap has acquired Vortex Protocol!

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⏱ TIMESTAMPS
00:00 Intro
0: 23 BTC price ahead of important week
1:27 ETH Shanghai upgrade on Testnet
2:20 GMX sees record high $$ Fees this weekend
3:28 The SEC charges Kraken, and Coinbase is going to fight
6:00 The SEC is going after Binance’s BUSD stablecoin next
7:49 Clearpool Institutional capital joins Polygon
8:34 SushiSwap acquires Cosmos Vortex Protocol

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#cryptonews #binance #paxosbusd

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]]> https://topcryptogame.com/%f0%9f%9a%a8warning-crypto-in-danger-crypto-giant-binance-targeted-major-ethereum-polygon-news/feed/ 0 Crypto Whales READY TO STRIKE | Crucial Binance BUSD Updates | Cardano Ethereum Moves! https://topcryptogame.com/crypto-whales-ready-to-strike-crucial-binance-busd-updates-cardano-ethereum-moves/ https://topcryptogame.com/crypto-whales-ready-to-strike-crucial-binance-busd-updates-cardano-ethereum-moves/#respond Fri, 02 Jun 2023 15:40:39 +0000 https://topcryptogame.com/crypto-whales-ready-to-strike-crucial-binance-busd-updates-cardano-ethereum-moves/ Cardano and Ethereum Crypto whales are moving massive amounts, and Binance is seeing massive outflows after the Paxos-BUSD news. Hector Network partners with Borussia Dortmund and Wanchain now works with Polkadot on XFLOWS. Avalanche sees growth of 1500% in 2022. 🚀Find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access🚀 Join […]

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Cardano and Ethereum Crypto whales are moving massive amounts, and Binance is seeing massive outflows after the Paxos-BUSD news. Hector Network partners with Borussia Dortmund and Wanchain now works with Polkadot on XFLOWS. Avalanche sees growth of 1500% in 2022.

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HECTOR NETWORK CONTEST:

⏱ TIMESTAMPS
00:00 INTRO
0:25 Bitcoin Ordinals
1:59 AVAX sees 1500% in Transactions
3:11 Curve jumps 11% after stablecoin news
4:11 Cardano and Ethereum Whales are buying up mass quantities
5:13 Binance see MASSIVE outflows
6:41 Hector Network partners with Borussia Dortmund
7:40 Wanchan Xflows now work with Polkadot

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Please do your own due diligence and rating before making any investments and consult your financial advisor. We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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#cryptonews #cardnao #ethereum #binance

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]]> https://topcryptogame.com/crypto-whales-ready-to-strike-crucial-binance-busd-updates-cardano-ethereum-moves/feed/ 0 Tether USDT vs USDC vs BUSD vs DAI | 2 Minute Crypto https://topcryptogame.com/tether-usdt-vs-usdc-vs-busd-vs-dai-2-minute-crypto/ https://topcryptogame.com/tether-usdt-vs-usdc-vs-busd-vs-dai-2-minute-crypto/#respond Fri, 17 Feb 2023 08:58:25 +0000 https://topcryptogame.com/tether-usdt-vs-usdc-vs-busd-vs-dai-2-minute-crypto/ Win $6,699 worth of bonuses in the exclusive MEXC & Altcoin Buzz Giveaway! Find out more here: How do crypto stablecoins like Tether USDT, USDC from Coinbase and Circle, or BUSD from Binance and Paxos really work? What about DAI? Are these better cryptocurrencies to hold vs Bitcoin btc and Ethereum eth in a bear […]

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Win $6,699 worth of bonuses in the exclusive MEXC & Altcoin Buzz Giveaway! Find out more here:

How do crypto stablecoins like Tether USDT, USDC from Coinbase and Circle, or BUSD from Binance and Paxos really work? What about DAI? Are these better cryptocurrencies to hold vs Bitcoin btc and Ethereum eth in a bear market?

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

#usdt #usdc #busd

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