Latest Paxos News

Paxos Trust Company logo seen displayed on a smartphone being held with bokeh background
Business 23 February 2023

Paxos stops minting BUSD—is Binance stablecoin finished?

Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has evolved, and the Binance relationship no longer aligns with our current strategic priorities."

Binance app on smartphone screen
Business 5 December 2022

Binance’s recovery fund: altruist or antagonist?

Self-appointed crypto-savior Changpeng "CZ" Zhao has committed the bulging resources of Binance to saving the digital asset industry, from a crisis he helped create. With friends like these…

Paxos and BitPay have filed to become national banks
Business 10 December 2020

Two new digital currency banks?

Both Paxos and BitPay have filed with the United States Office of the Comptroller of the Currency to become national banks.