Search results for Paxos
Crypto
Wise to reapply for federal trust bank charter under Genius Act framework
Wise, a London-headquartered cross-border remittance and foreign-exchange services company, will submit a new application for a U.S. federal trust bank charter under the Genius Act stablecoin framework after the Office of the Comptroller of the Currency rejected its original proposal. The Block reported the OCC said the initial filing did not align with new Federal Reserve policy on payment system master account access. Reuters reported Wise will reapply on July 24.
Crypto
Robinhood-backed DEX Arkus expands into tokenised assets and perpetual futures
Robinhood Crypto-backed decentralised exchange Arkus has launched tokenised stocks and perpetual futures on Robinhood Chain, expanding beyond its spot market. The service, built by the dYdX development team, now lets users trade more than 95 stock tokens, perpetual markets, and cryptocurrencies via self-custody trading accounts. Collateral and settlement primarily use USDG, a stablecoin issued by Paxos. Stock tokens are unavailable in some restricted regions including the United States, Canada and Britain.
Crypto
Visa develops enterprise stablecoin management platform to support OUSD
Visa is launching a platform designed to help banks and fintech companies handle stablecoins more easily, Fortune reported on Wednesday. Fortune said Visa will roll out the platform alongside the OpenStandard (OUSD) stablecoin involving more than 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase. A launch date was not disclosed. OUSD is set for release in the second half of this year and allows issuance and redemption without fees or volume limits.
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Crypto
PayPal to issue PYUSD natively on Polygon to expand supply
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Crypto
Trase Finance raises $32 million in Series A to expand cross-border stablecoin payments
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Crypto
Stablecoin market share doubles as total crypto market cap halves
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Crypto
Dogecoin co-founder asks about bitcoin\'s bottom as price tests $60,000 level
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Crypto
Bernstein says RWA market tops $51 billion, private credit largest segment
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AI & Enterprise
Anchorage Digital scales back front-line role in USDG consortium to strengthen stablecoin neutrality
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Crypto
Coinbase to handle Hyperliquid USDC reserves, acquires USDH brand assets
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Crypto
Charles Schwab starts direct trading in bitcoin and ethereum
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Crypto
Charles Schwab to launch spot bitcoin, ether trading for retail investors
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Crypto
Who drives the stablecoin market: Issuance by Circle, distribution by Coinbase
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Crypto
Wall Street-backed crypto exchange EDX Markets applies for bank charter to expand custody, settlement services
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AI & Enterprise
The Better Money Company raises $10 million to build stablecoin clearinghouse
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Crypto
Yield-bearing stablecoins grow fast despite regulatory uncertainty
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Crypto
Asia local-currency stablecoins account for less than 1 percent, speed is key - Tiger Research report
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Crypto
U.S. government gives conditional approval to Crypto.com for bank trust charter