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Stablecoin issuer Paxos names Jeannie Lim as executive director in Singapore

Stablecoin issuer Paxos names Jeannie Lim as executive director in Singapore

PAXOS Trust named Jeannie Lim, who was most recently head of messaging payments at Meta Platforms in Singapore, as the ...

Stablecoin issuer Paxos cuts 20% of workforce

Stablecoin issuer Paxos cuts 20% of workforce

STABLECOIN issuer Paxos has cut its workforce by about 20 per cent, or 65 people, according to an e-mail obtained ...

Paxos Confirms It Mistakenly Paid $500K In Bitcoin Fee, Blames The ‘Fat Finger’ On Internal Bug

Paxos Confirms It Mistakenly Paid $500K In Bitcoin Fee, Blames The ‘Fat Finger’ On Internal Bug

September 14, 2023

KEY POINTSThe stablecoin issuer admitted it had overpaid the Bitcoin network feeThe processing fee was significantly higher than the transaction ...

Circle Alerted NYDFS About Paxos, Told Financial Regulator BUSD Wasn’t Fully Backed: Report

Circle Alerted NYDFS About Paxos, Told Financial Regulator BUSD Wasn’t Fully Backed: Report

February 14, 2023

KEY POINTSBinance and Paxos launched the stablecoin BUSD in 2019Paxos is the issuer of BUSDBUSD is the third-largest stablecoin in ...

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