Paxos, the US-based stablecoin operator, has raised $142 million in fresh funding from investors including PayPal and Mithril Capital. It has been reported that US investment firm Declaration Partners, backed by billionaire David M. Rubenstein, led the funding round with other participants including RIT Capital Partners plc., Ken Moelis, Alua Capital, and Senator Investment Group. However, previous Paxos backers like RFE Ventures and Liberty City Ventures also invested in the

Paxos, the crypto services provider, has filed an application to open a national bank on Wednesday to hold cryptocurrencies and execute the duties of a regular trust bank. If approved, the pioneering Paxos General Trust will be headquartered in New York. It has been reported by the Paxos website that being granted a national trust bank charter from the US government would broaden both the range of services offered by the company and the geographic area to which it can offer s

Cryptocurrency trading services will reportedly be offered on PayPal thanks to a new partnership with Paxos. Initially reported by CoinDesk, the digital payments giant is planning on introducing cryptocurrency trading through New-York based Paxos’ new brokerage service. More details on Paypal/Crypto. 1. sources confirm it is happening 2. if true, it is what I anticipated. Like Revolut you will not be able to send/receive Crypto (probably bitcoin and few more) but only to tra

The Binance Dollar’s (BUSD) market cap crossed the $100 million mark on March 10. This is the first time that the stable coin, created in partnership between Binance and Paxos Trust company, has achieved this milestone. Trent Partridge #globalcoin #facebook #crypto currency https://t.co/0sF6wIjXPo — Libra Coin News – Trent Partridge (@LibraCoinNews) March 11, 2020 It has been reported that currently, BUSD has the sixth highest market cap amongst stable coins. BUSD had a slow

Binance becomes the first cryptocurrency exchange to implement the fiat gateway of stablecoin operator Paxos. On Nov. 12 Binance announced the launch of its fiat gateway that would allow users to swap between US dollars and stablecoins. Paxos-Binance Integration Paxos service had been available since May, however, the integration with Binance now makes it available to all its users. .@PaxosGlobal Paxos Releases Fiat Gateway Gateway Solutions and APIs, #Binance is First to Uti