paxos Archives

Crypto

Five Crypto Firms Step Closer to Become a Bank, Including Ripple, Circle, BitGo

Nex World12/13/202512/13/2025

by Nex World12/13/202512/13/2025015

Five digital asset firms have received conditional approvals Friday to become federally chartered banks by the Office of the Comptroller of Currency (OCC) in a...

Crypto

Paxos Fat-Fingers $300T of PayPal’s PYUSD, Outpacing U.S. Dollar’s (USD) $2.4T Supply

Nex World10/16/202510/16/2025

by Nex World10/16/202510/16/2025027

On Wednesday, stablecoin issuer Paxos accidentally minted $300 trillion worth of PayPal Holdings Inc.’s PYUSD stablecoin on Ethereum – a “fat finger” error on the...

Crypto

Tether and Circle’s Dominance Is Being Put to the Test

Nex World10/14/202510/14/2025

by Nex World10/14/202510/14/2025035

Looking at USDT and USDC’s market capitalization today, you may be fooled into thinking they are unchallengeable. With Tether and Circle controlling over 80% of...

Crypto

Gold-Backed Tokens Hold Firm in $19B Crypto Rout, But Rally May Be Near Exhaustion

Nex World10/11/202510/11/2025

by Nex World10/11/202510/11/2025030

While bitcoin BTC$112,375.14, ether ETH$3,839.05 and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend...

Crypto

Aleo, Paxos Labs Launch Privacy-Focused Digital Dollar USAD

Nex World10/01/202510/01/2025

by Nex World10/01/202510/01/2025041

Paxos Labs and the Aleo Network Foundation are working to launch a U.S. dollar-pegged stablecoin that aims to preserve user privacy, and appeal to financial...

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