PANews reported on June 19 that, according to The Block, stablecoin issuer PaxosPaxos launched a new startup, Paxos Labs, which aims to help institutions integrate DeFi and on-chain products directly into their own applications and platforms. According to Bhau Kotecha, co-founder of Paxos Labs, the company has been incubated within Paxos for the past six months due to the company's growing demand for bridging the DeFi market and real-world asset opportunities. Paxos Labs is building easy-to-integrate APIs that allow customers to integrate products without having to dig deep into the complexities of DeFi. Its initial offerings include the issuance of custom-branded stablecoins, the deployment of tokenized yield strategies, and tools to manage structured digital assets, with the primary target customers being consumer fintech applications, exchanges, and blockchain networks. Paxos Labs will also collaborate with multi-asset issuers.

PANews, June 19, news from The Block reports that the stablecoin issuer Paxos has launched a new startup, Paxos Labs, aimed at helping institutions directly integrate DeFi and on-chain products into their own applications and platforms. Bhau Kotecha, co-founder of Paxos Labs, stated that due to the growing demand for connecting the DeFi market and real asset opportunities, the company was incubated internally at Paxos over the past six months. Paxos Labs is building easy-to-integrate APIs that allow clients to integrate related products without needing to deeply understand the complexities of DeFi. Its initial products include the issuance of custom-branded stablecoins, deployment of tokenization yield strategies, and tools for managing structured digital assets, with the primary target clients being consumer fintech applications, exchanges, and blockchain networks. Paxos Labs will also collaborate with multi-asset issuers.

Odaily News Paxos announced the establishment of a new startup called Paxos Labs, aimed at helping institutions directly integrate Decentralized Finance and on-chain products into their applications and platforms.

Odaily News According to GMGN data, the stablecoin narrative Memecoin USDP reached a market capitalization of 150 million USD today before quickly crashing, now down to about 30 million USD. The sniper and largest holder: 2QPFb2…QMZcPd spent only $301.57 to purchase 6.71% of the total supply, with unrealized gains at one point exceeding 9 million USD, now retracing to about 2 million USD. It is worth noting that the USDP bundling ratio is 6.7%, with over 999 bundling transactions.

TrueX announced the completion of a $11 million Series A funding round, led by Accomplice and RRE Ventures. The new funds will be used for asset protection, external custodian support, and more. TrueX's preferred trading token is PYUSD, and Paxos will provide custody services for users, planning to open services to US and some international institutions.

Golden Finance reported that the stablecoin native Crypto Assets exchange TrueX announced the completion of a $11 million Series A financing, led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and payment giant PayPal. The new funds are intended to support external custodians like Paxos Custody in asset protection. Currently, TrueX uses PayPal's stablecoin PYUSD as its preferred trading Token, and Paxos provides third-party custody services for TrueX's users, with the expectation that these services will first be available to U.S. institutions and some international institutions in certain regions.

Golden Finance reported that Paxos, the issuer of stablecoin, has released its second USDG attestation report, which discloses that the number of USDG tokens held in the ETH blockchain contract as of November 29, 2024, Singapore time, has increased to 29,386,864, an increase of 18,636,724 since the end of October. The fair value of the redeemed assets is at least equal to or greater than $29,467,869, and the number of USDG tokens does not exceed the redemption asset balance in the report. In addition, the news, USDG is Paxos and DBS

Paxos CEO urges US presidential candidates to establish a more friendly regulatory environment for digital assets and stablecoins, and warns that regulatory inconsistency may lead to future risks. The current cryptocurrency regulatory environment is criticized as "unsuitable for financial innovation".

Odaily Planet Daily News reported that Injective announced on X platform that Paxos has launched a profitable Stable Coin Wrapped Lift Dollar (wUSDL) in the Injective ecosystem. Users can use this new Stable Coin in Injective's Decentralized Finance protocol suite, and earn income by holding the asset. wUSDL is a wrapped version of USDL on Ethereum, with a 1:1 peg to the US dollar.

PANews October 16th news, Paxos announced at the 2024 Stellar annual conference that it will collaborate with Stellar Development.

BlockBeats News, on October 16th, according to official sources, Paxos announced that it will integrate with the Stellar network. Stellar is an Open Source blockchain for various payment and remittance applications. Paxos plans to introduce assets into Stellar by the end of 2024.

Gate News bot news, Ubyx Inc., a stablecoin startup founded by Tony McLaughlin, a senior figure at Citigroup, completed $10 million in financing, led by Galaxy Ventures, with participation from Founders Fund under Peter Thiel, Paxos, VanEck and others. Ubyx is building a clearing system that connects stablecoin issuers, banks, and fintech companies, aiming to reduce friction for users making payments with encryption tokens. Ubyx plans to launch its network by the end of this year and will support blockchains including Solana, Base, Canton, and XRP Ledger. The company has partnered with stablecoin issuers such as Paxos, Ripple, and AllUnity, as well as several large crypto wallet and technology providers.

Golden Finance reports that Paxos International has announced a collaboration with Web3 financial infrastructure Velo Labs to integrate its regulated yield-bearing stablecoin Lift Dollar (USDL). USDL will serve as reserve collateral and settlement asset within Velo Labs' USDV stablecoin framework. USDL was launched last year by Paxos and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and is valued in USD.

Paxos released the transparency report of PYUSD in December 2024, showing that the total circulation of Tokens decreased to $497,959,719; the total amount of US Treasury collateralized reverse repurchase protocol is about $487,993,500, with cash deposits of about $21,401,062, and the collateral in the total net assets is about $509,394,562.

Infrastructure platform Paxos announces the launch of the Stable Coin payment platform on the Block chain, which supports instant conversion between USD and PYUSD, USDP and USDC when making, spending, and refunding payments with various Stable Coins, making it easier for merchants to accept Stable Coin payments. Users can choose to convert to fiat coinSettlement immediately or directly pay with the Stable Coin balance, and merchants can also issue refunds by converting fiat coin to the originally used Stable Coin. This solution supports PYUSD, USDP, and USDC.

The market capitalization of the tokenization precious metals market has exceeded $1 billion, and Tether's XAUT Market Cap rise has become a major driving force. Global financial institutions such as HSBC support technological advancements, including the development of post-quantum cryptography, gold NFTs, and tokenization of gold stablecoins. Experiments are underway.

Jinse Finance reported that Paxos officially released Pax in May.

DeFiLlama data shows that Coinshift's stablecoin clUSDL, launched only 4 months ago in January this year, has reached a TVL of $100 million. The market demand for fiat-pegged assets that provide passive income through DeFi protocols is rising. clUSDL is built on Ethereum, earning returns through on-chain lending and U.S. Treasury bonds, based on the USDL issued by Paxos.

Odaily Planet Daily News Paxos co-founder and CEO Charles Cascarilla

Paxos CEO Charles Cascarilla sent an open letter to Vice President Kamala Harris and former President Donald Trump on Tuesday, urging immediate regulatory reform to support the US Block链 and digital asset.

Golden Finance reported that Paxos officially released the July PaxGold (PAXG) transparency report, which disclosed unaudited financial data of PAXG as of 5 pm Eastern Time on July 31st, including: the issuance of PAXG reaching 187,070.230 coins in circulation, a slight rise in the reserve gold to 187,070.279 troy ounces, and the circulating supply of PAXG not exceeding the redeemable asset balance.

Odaily Planet Daily News Stablecoin issuer Paxos strategically invests in online gold trading platform Argo Digital Gold, it is reported that Argo Digital Gold

PAXG and XAUT are two types of Digital Money, issued by Paxos and Tether respectively, both anchored to 1 ounce of gold. As of April 21, the data shows that PAXG's 24-hour volume is $46.77 million, with a total market capitalization of $780 million; while XAUT's 24-hour volume is $27 million, with a total market capitalization of $837 million.

BlockBeats news, on October 28, according to official sources, blockchain Financial Service company Paxos

PANews October 14th news, according to The Block Pro, former Paxos CEO Rich Teo has joined the Trump family's World Liberty

Golden Finance reported, Paxos

Vitalik Buterin associated Wallet "0x556" deposited all 649 ETH ($1.72 million) into Paxos 20 hours ago; on September 19th, this Wallet received 1300 ETH ($3.21 million) from Wallet "0xd04" and deposited all 1300 ETH into Paxos at an average price of $2581 ($3.35 million).

XLM announced partnerships with several institutions, including Paxos, Ondo, Etherfuse, and SG Forge under Société Générale, planning to put $3 billion of real assets on-chain by the end of 2025, which is more than a 10-fold rise compared to the current scale.

Since the beginning of this year, gold-backed cryptocurrencies Paxos Gold (PAXG) and Tether Gold (XAUT) have risen over 24%, attracting investors seeking safe-haven assets. Despite the decline in Bitcoin and the overall cryptocurrency market, these tokens have still performed strongly. According to data, the total market capitalization of gold-backed cryptocurrencies is approaching $1.4 billion, indicating their increasing influence in the market.

According to the Gate.io News bot, the decentralized derivatives trading platform Hyperliquid has officially launched the PAXG trading pair, as reported by Wu. This trading pair supports users in conducting long and short trading operations with up to 5x leverage. The addition of this new trading pair is driven by the demand from community users. PAXG is a cryptocurrency asset issued by Paxos that is pegged to physical gold.

BUSD was once the third largest stablecoin by market capitalization, but now its market cap on the Ethereum chain is only about 50 million USD. BUSD is issued by Paxos Trust Company and is approved by NYDFS. CZ stated that BUSD was hindered in the Operation Chokepoint 2.0 initiative, but now there are many new stablecoins launched on BSC.

Paxos officially released the February 2025 PYUSD Transparency Report, which showed that the total amount of tokens in circulation rose significantly to about $750 million, and the market value of collateral in net assets exceeded $770 million. According to Paxos, the PYUSD token is over-collateralized to ensure stability and has a standby collateral in the event of a default. The risk of loss is low.

The performance of Crypto Assets supported by gold is poor, with PAXG and XAUT prices falling by about 1%, while the overall Crypto Asset market rebounds. Under the threat of Trump, safe-haven asset prices fall. Morgan Stanley believes that global inflation and geopolitical risks may provide investment opportunities for gold, boosting gold price forecasts. Citi and UBS have raised their short-term targets to $3000, both bullish on gold.

Paxos has released its first USDG attestation report, disclosing that as of 5 pm on October 31, 2024, the number of tokens held in the USDG contract on the ETH network is 10,750,140, and the fair value of the redeemed assets is at least equal to or greater than 10,750,140 USD. USDG is a Singapore Compliance stablecoin launched by Paxos in cooperation with Standard Chartered Bank.

The Stellar Development Foundation (SDF) plans to launch $3 billion in real-world assets (RWA) on-chain by the end of 2025, working with partners such as Franklin Templeton and Wisdom Tree, as well as Paxos, Ondo, Etherfuse, and Société Générale, among others, to facilitate the tokenization of RWA.

Odaily Planet Daily News Standard Chartered Bank announced that it will provide cash management, trading, and custody services for Paxos stablecoin issuance outside the United States. Paxos has issued Lift Dollar (USDL) (Market Cap $54 million) in Abu Dhabi and Global Dollar (USDG) (Market Cap $29 million) in Singapore. In addition, Paxos has also issued Paypal USD

The financial news outlet Jinse reported that the market value of the stablecoin PAXG, which is anchored to gold, issued by the stablecoin issuer Paxos, has reached a new high of $500 million on the X platform. Paxos stated that each PAXG coin is backed by one troy ounce of gold stored in the LBMA gold vault in London. In addition, the spot gold price has been continuously hitting new highs recently, reaching $2670 per ounce yesterday, continuously refreshing historical highs.

Odaily Paxos released the Pax Dollar (USDP) February Transparency Report, which disclosed the unaudited financial data of USDP as of 06:00 Beijing time on March 1, mainly including: 1. Total Tokens Outstanding: Approximately $203,051,111; 2. The current market value of the collateral provided by the total amount of the U.S. Treasury collateralized reverse repurchase agreement is $36,445,732 and the notional position is worth $35,731,000; 3. $160,764,519 in cash deposits through the FDIC deposit network and approximately $160,764,519 in other cash deposits with depositary institutions; 4. The current market value of the collateral provided for total net assets is $205,455,605 and the notional position value is $204,739,757.

Odaily Paxos released the February 2024 PYUSD Transparency Report, disclosing the relevant unaudited data of PYUSD as of 06:00 Beijing time on March 1, 2024, including: 1. Total Tokens Outstanding: $304,427,933; 2. The current market value of the collateral in the U.S. Treasury collateralized reverse repo agreement is approximately $311,025,637 and the notional position value is approximately $304,927,000; 3. $812,281 in both the market value and the notional position value of the collateral deposited in other cash deposits with the depositary institution; 4. The current market value of the collateral in total net worth is approximately $311,837,918 and the notional position value is approximately $305,739,282.

PAX Gold (PAXG) price hit a new high, with a 24-hour trading volume of over $110 million reaching $112,492,427. PAXG was quoted at $3,269.70, up 0.8% in 24 hours, with a total market capitalization of $736 million. The digital currency is issued by Paxos, and every 1 PAXG is equal to 1 ounce of gold, representing the holding of physical gold.

Paxos released the transparency report of Stable Coin PYUSD in January 2025, disclosing unaudited data related to PYUSD, including the total circulation of Token dropping to $482,747,103, the market value of collateralized US Treasury repurchase agreements protocol being around $464,985,360, the market value of collateralized cash deposits being around $28,588,701, and the market value of collateralized assets in total net assets being around $493,574,061.

PANews August 3rd news, Paxos official released the June Pax Gold (PAXG) transparency report, which disclosed unaudited financial data of PAXG as of 5:00 PM Eastern Time on June 28th. The main contents include: the issuance of PAXG has reached 185,852.565, the reserved gold has slightly decreased to 185,852.614 troy ounces, and the circulating supply of PAXG has not exceeded the redeemable asset balance.