What is Paxos in crypto? How does it work?

What is Paxos in crypto? How does it work?

Paxos is a regulated blockchain platform issuing USD-backed stablecoins and providing crypto infrastructure for institutions. Known for its focus on compliance and secure asset transfers, this collection explores Paxos’ stablecoin mechanisms, market role, and ecosystem developments.

9 articles
Paxos' $300 Trillion Error From Misplaced Zero Prompts NYDFS Review of Stablecoin Controls Paxos' $300 Trillion Error From Misplaced Zero Prompts NYDFS Review of Stablecoin Controls
Paxos accidentally created $300 trillion in unbacked stablecoins, prompting regulatory review and industry calls for automated safeguards
2025-10-16 17:21
Paxos Accidentally Mints $300 Trillion in PYUSD Stablecoins
Paxos accidentally minted $300 trillion in PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.This gaffe has highlighted a
2025-10-16 09:35
What Is Paxos Standard (PAX) Stablecoin? What Is Paxos Standard (PAX) Stablecoin?
Paxos Standard (PAX) is an Ethereum-based collateralized fiat currency pegged against the US dollar. It started trading in September, 2018.
2025-09-13 17:26
Paxos Suddenly Cuts 20% of Workforce, Aims to Focus on Core Businesses Paxos Suddenly Cuts 20% of Workforce, Aims to Focus on Core Businesses
Paxos, a leading stablecoin issuer, cuts 20% of workforce, the company will focus on its core businesses
2025-09-02 12:20
Paxos Targets National Trust Bank Status Following Circle, Ripple Moves Paxos Targets National Trust Bank Status Following Circle, Ripple Moves
Cryptocurrency infrastructure company Paxos Trust Company seeks federal banking charter to expand regulatory oversight a
2025-09-02 12:11
Paxos’ Stablecoin Payment Platform To Offer Instant Conversion Between Tokens and Local Currencies Paxos’ Stablecoin Payment Platform To Offer Instant Conversion Between Tokens and Local Currencies
Paxos has launched a new stablecoin payment platform in association with Stripe
2025-09-02 12:11
SEC Abandons Paxos Investigation, Rules BUSD Not a Security SEC Abandons Paxos Investigation, Rules BUSD Not a Security
The U.S. Securities and Exchange Commission (SEC) has called off its probe into stablecoin-issuer Paxos
2025-09-02 12:11
Circle And Paxos Partner With Bluprynt To Launch Crypto Verification Pilot Circle And Paxos Partner With Bluprynt To Launch Crypto Verification Pilot
Circle and Paxos partner with fintech startup to pilot blockchain-based verification technology for cryptocurrency holdi
2025-09-02 10:10
Paxos, Circle, Ripple Seek Bank Charters: What Happens If They Succeed and Why It Matters for Crypto Paxos, Circle, Ripple Seek Bank Charters: What Happens If They Succeed and Why It Matters for Crypto
Paxos, Circle, and Ripple’s bank charter bids could redefine stablecoins, boost adoption, and reshape the global crypto
2025-09-02 10:00