The move by Paxos to convert its state-level trust charter into a national trust supervised by the U.S. Office of the Comptroller of the Currency (OCC) is a significant development reshaping the regulated crypto landscape. Key Shifts Under OCC Supervision Federally Supervised Institution: Paxos transitions from being regulated by the New York Department of Financial … Read more
Paxos has enhanced its Global Dollar Network by integrating two new members: Amina Bank (a Swiss-regulated institutional bank) and Reap (a Hong Kong-based business payments platform). This expansion significantly broadens the reach of the regulated stablecoin, USDG. Key Additions and Their Roles Amina Bank (Switzerland): Supervised by FINMA, the bank is adding USDG to its … Read more
Paxos Labs has launched USDG0, an omnichain extension of its regulated, 1:1 dollar-backed stablecoin, USDG. This move is a major step toward making trusted money truly borderless by utilizing LayerZero’s Omnichain Fungible Token (OFT) standard. Key Features of the Omnichain Stablecoin: Single Native Asset: By using LayerZero’s OFT, USDG0 moves across chains (including new additions … Read more