Paxos Launches as First Licensed Clearing Agency
@Paxos has received a clearing agency license from the SEC, making it the first blockchain firm in the U.S. to do so, enabling securities clearing and settlement services. #Update #Crypto
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Paxos Labs Surges $1B Toku Integration
Paxos Labs Amplify integrates with Toku, enabling employees to earn yield on $USDC, $USDT, and USDG instantly upon receiving pay. No lockup periods required. #Update #Crypto $USDC
Bitcoin Boosts Paxos Labs $12M Launch
Paxos Labs secures $12M led by Blockchain Capital to launch Amplify, a digital asset utility suite. Hyperbeat hits $510K AUM days after launch. #Update #Fintech
Stablecoins Transform Insurance Payments with Aon
@Aon has partnered with @Coinbase and @Paxos to trial stablecoin payments for insurance premiums, marking a significant step in digital finance. Transactions utilized USDC on Ethereum and PYUSD on Solana. #Update #Crypto $USDC
Stablecoin Payments Launch by Aon with Coinbase
@Aon conducted a proof-of-concept using stablecoins for insurance premium payments with @Coinbase and Paxos, marking a significant step in corporate finance integration. #Update #Crypto $USDC $PYUSD
Gold Token Surges with Record Inflows
Crypto investors are flocking to @Paxos’ gold token, PAXG, which saw over $248 million in inflows in January, boosting its market cap to $2.2 billion as gold prices surge. #Update #Crypto $PAXG
Crypto Firms Win Trust Bank Approvals
Five digital asset firms, including @Ripple and @Circle, received conditional approvals from the OCC to operate as federally chartered banks, marking a significant regulatory shift for crypto. #Update #Crypto $XRP $USDC
Paxos Error Mints 300T PYUSD
Paxos mistakenly minted 300 trillion PYUSD due to an internal error but swiftly corrected it by burning excess tokens. No funds were affected. #Update #Crypto
Ethereum Sees $300 Trillion Surge Then Vanishes
On Oct. 15, @Paxos accidentally minted $300 trillion PYUSD tokens on Ethereum due to an operational error, leading to a surge in social media mentions; no user funds were affected. #Update #Crypto $PYUSD
Paxos Launches $300T PayPal Stablecoin Surge
On Wednesday, @Paxos mistakenly minted $300 trillion of PYUSD on Ethereum due to a technical glitch, quickly resolved by burning the excess. All customer funds remain safe. #Update #Crypto $PYUSD
Gold Token Market Surges to $3B High
Gold’s price surged to a record $3,800 per ounce, boosting gold-backed tokens’ market cap to $2.88 billion; PAXG and XAUT lead with all-time highs. #Update #Crypto $PAXG $XAUT
PayPal Launches $1.3B Stablecoin on 9 Blockchains
@PayPal’s U.S. dollar stablecoin, PYUSD, expands to nine new blockchains via LayerZero integration, increasing its supply to $1.3B. #Update #Crypto $PYUSD