PAX

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Crypto Update | SEC Sues Paxos, Binance’s BUSD Depegs
With bitcoin testing $20K in wake of the second week of the SEC’s reported attack on crypto, plus a look at Bitcoin’s information symmetry, CoinDesk’s “Markets Daily” is back...
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(Federal Reserve Bank of New York, modified by CoinDesk)
Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low
Bitcoin's inverse correlation with PAXG represents the leading cryptocurrency's recent behavior as a risk asset rather than a store of value.
(Federal Reserve Bank of New York, modified by CoinDesk)

Market capitalization of gold-backed crypto tokens (Arcane Research, CoinGecko)
Market Cap of Gold-Backed Cryptos Surpass $1B as Yellow Metal Nears Record High
Stagflation fears appear to have boosted demand for gold and crypto tokens backed by the yellow metal.
Market capitalization of gold-backed crypto tokens (Arcane Research, CoinGecko)

Paxos General Counsel on Stablecoin Backings, Risks and Regulations
Paxos General Counsel on Stablecoin Backings, Risks and Regulations
Paxos, the crypto infrastructure firm behind Paypal, has released a breakdown of reserves of its stablecoins PAX and BUSD for the first time. Paxos General Counsel Dan Burstei...
Paxos General Counsel on Stablecoin Backings, Risks and Regulations

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Paxos Makes Fresh Push for DeFi Market With New Oracle Integration
Paxos’ stablecoin tokens have mainly been playing catch-up since the DeFi spike in 2020.
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Blockchain Adds PAX Stablecoin to Mobile Wallet
Crypto-wallet powerhouse Blockchain is adding a dollar-pegged stablecoin to attract more users.
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PAX Streamlines Redemptions in Battle for Stablecoin Market Share
Paxos is doubling down on a traditional approach to crypto custody and enabling instant stablecoin redemptions.
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'Up to 100 Million' Paxos Stablecoins to Be Issued on Ontology Blockchain
Ontology is to launch the Paxos Standard stablecoin, a regulated token backed by U.S. dollars, on its blockchain.
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Crypto Payments Processor BitPay to Support Paxos Stablecoin
BitPay is integrating the Paxos Standard stablecoin into its services, allowing merchants to utilize the token to settle transactions.
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Stablecoin Purchases Surged Amid Wednesday's Crypto Market Drop
The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.
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