Paxos Blames Internal Error for $300 Trillion PYUSD Stablecoin Mint
TLDR Paxos mistakenly minted $300 trillion worth of PYUSD stablecoins on the Ethereum blockchain. The minting error was identified...
Tether and Circle’s Dominance Is Being Put to the Test
The dominance of Tether and Circle, once seen as unshakable, is now facing its most formidable test yet, crypto product and strate...
Aleo and Paxos Labs Launch Privacy-Focused Dollar Stablecoin Aimed at Institutio...
The USAD token encrypts transaction data end-to-end, aiming to enable private, programmable digital dollars.
EU Watchdog Urges Ban on Multi-Issuance Stablecoins to Ensure Stability
TLDR The European Systemic Risk Board has recommended a ban on multi-issuance stablecoins to protect the EU’s financial stability....
Tokenized Gold Market Nears $3B as Bullion Blasts to Fresh Record Highs
Tether's XAUT and Paxos' PAXG, the two largest gold-backed tokens, posted record monthly trading volumes in September as spot gold...
PayPal's $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integratio...
The interoperability protocol is introducing a permissionless version of the token to Aptos, Avalanche, Tron and several other cha...
Native Markets Wins Race for Hyperliquid Stablecoin USDH, Beating Paxos and Riva...
Native Markets has secured the USDH ticker for Hyperliquid’s native stablecoin, emerging as the winner in a heated governance vote...
Paxos’ New Proposal for Hyperliquid’s USDH Stablecoin Includes PayPal Integratio...
Paxos Labs has released a revamped proposal to issue Hyperliquid’s USDH stablecoin, putting forward a strategy that includes an in...
Paxos Ties PayPal to Hyperliquid With USDH Push and $20M Incentives
TLDR: Paxos launched USDH Proposal V2 with PayPal support, HYPE listing, and $20M incentives to expand Hyperliquid globally. The p...