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The Latest Breaking News from Paxos

Paxos Labs raises $12 million after startup spins off from veteran stablecoin issuer

Charles Cascarilla, CEO of stablecoin issuer Paxos, is also CEO of Paxos Labs.

Fortune

Stablecoin issuer Paxos to acquire wallet startup Fordefi for more than $100 million

Paxos provides crypto infrastructure for major institutions like PayPal and Mastercard.

Fortune

PayPal's crypto partner accidentally minted $300,000,000,000,000 worth of stablecoins, which is more than twice the world's total GDP

Which must have made for a heart-stopping moment, I'd imagine.

PC Gamer

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PayPal crypto partner accidentally mints stablecoins worth double the world’s total GDP — Paxos undersells $300 trillion incident as an ‘internal technical error’

PayPal’s crypto partner, Paxos, accidentally minted $300 trillion PYUSD on Wednesday. Firm admits 'internal technical error.'

Tom’s Hardware

Stablecoins are everywhere, but one expert argues that the ultimate winner might not even exist yet

On the latest episode of Crypto Playbook, professor and former Paxos executive Austin Campbell explains why stablecoins are poised to break out of crypto.

Fortune

Crypto companies are fighting in a 'Bachelor'-style frenzy to launch a stablecoin that will power DeFi's hottest exchange

Industry onlookers believe the fight may impact the bottom line of stablecoin giant Circle.

Fortune

Interactive Brokers Reportedly Looking Into Stablecoin Issuance

Interactive Brokers Group (NASDAQ:IBKR) is weighing the possibility of issuing a stablecoin, joining a wave of traditional finance firms expanding into digital assets.

Benzinga

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Exclusive: Stablecoin startup Agora raises $50 million Series A led by crypto VC giant Paradigm

Agora is run by Nick van Eck, son of asset management veteran Jan van Eck.

Fortune

Huma Joins the Global Dollar Network to Advance Stablecoin Adoption on Solana

San Francisco, California, June 4th, 2025, Chainwire

International Business Times

A first look at the $1 billion MSC World America cruise ship, from thrill-seeking rides to Dirty Dancing

MSC World America has something to offer cruise passengers from all sides of the pond, as Marc Shoffman discovered on one of the first sailings aboard the new megaship

The Independent UK

Crypto giants Binance and Circle team up to take on Tether

The surprise move brings together longtime rivals and could shake up the stablecoin landscape.

Fortune

Trump could 'kick off a crypto Golden Age' by delivering regulations the industry has been craving for years, Paxos CEO says

“There’s so much pent-up demand,” Chad Cascarilla said at Fortune's Global Forum.

Fortune

Paxos CEO: Trump presidency could bring 'crypto golden age'

The Trump campaign "had a real crypto theme," Charles Cascarilla said at the Singapore Fintech Festival on Friday.

Fortune

Robinhood, Kraken, Galaxy, Other Crypto Firms Launch Global Stablecoin Network

A group of major crypto players have jointly launched $USDG, a new stablecoin under the Global Dollar Network that should "revolutionize" the stablecoin ecosystem and set high standards for compliance.

International Business Times

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International Business Times

Paxos CEO Urges Trump, Harris To Address 'Inhospitable' US Regulatory Landscape

Paxos CEO Charles Cascarilla has written an open letter to former president Donald Trump and Vice President Kamala Harris, urging them to provide clear regulations for the digital assets space, including for the huge stablecoin segment.

International Business Times

Trump's World Liberty Financial Plans To Launch Native Stablecoin: Report

World Liberty Financial is reportedly looking to issue its own stablecoin – a plan that comes during a critical period in the stablecoin segment, specifically due to concerns around the alleged issues around stablecoin giant Tether.

Fortune

Coinbase and Goldman Sachs alum launch TrueX, a new crypto exchange built on stablecoins

Founded by former Coinbase head of exchange Vishal Gupta, TrueX will use PayPal's stablecoin as its default settlement currency.

International Business Times UK

Pegged For Success: Stablecoins Bid For Wider Adoption; Increasingly Embraced By Users And Exchanges

This year, stablecoins have extended their influence beyond the crypto market. In recent years, the sector experienced significant growth, with the value of the global stablecoin market exceeding $100 billion.

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Fortune

SEC drops key stablecoin investigation into Paxos in win for crypto industry

The Gary Gensler-led agency issued a Wells notice against Paxos in Feb. 2023, indicating an active investigation and possible enforcement action.

The Independent UK

I’m a travel expert and these are the destinations I would visit in summer 2026

Whether you’re keen to visit Italy's Ionian beaches or dine al fresco on the Isle of Wight, here’s some inspiration for your next holiday

Fortune

Exclusive: NY financial regulator approves Paxos expansion to Solana, allowing for its first stablecoin issuance beyond Ethereum

Paxos argues it is taking a more regulated approach to stablecoin issuance than Circle and Tether, its main competitors.

International Business Times

Binance Announces Another Major Change In Its Ecosystem Following CZ's Departure

Binance had previously made an announcement on this matter in August, stating that it would "gradually" phase out support for the stablecoin after the stablecoin issuer, Paxos, was ordered to stop minting the coin earlier this year.

Fortune

PayPal discloses it was subpoenaed by the SEC over recently launched stablecoin

The payments firm launched the stablecoin in August.

Fortune

PayPal adds its PYUSD stablecoin to Venmo in push to expand crypto reach

The payments giant recently unveiled its new stablecoin to much fanfare, but PYUSD has yet to supplant other stablecoin giants like Tether or USDC.

Fortune

Inside Circle's tumultuous attempt to build the future of money

Why is the USDC developer losing to Tether?

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