Name: usdp
SKU: usdp

usdp

Sling Money converts fiat currency to USDP and then back again in order to complete transfers between around the world.

Sling Money, a stablecoin-based global payment app, raises $15 million in Series A

FLOW

FRAX

Stablecoins are changing their behavior, due to regulations and demand from DeFi. On the last day, 3% of exchange reserves were sent to private wallets.

Stablecoins flow out of exchanges, move into DeFi protocols

Paxos has cut about 20% of its workforce, or 65 people, according to a copy of an internal email obtained by The Block.

Paxos cuts 20% of workforce despite having more than $500 million on balance sheet

Paxos International has launched Lift dollar (USDL), a yield-bearing stablecoin, with Argentina as its first market.

Paxos International launches yield-bearing stablecoin Lift Dollar (USDL)

USDT

USDC

As choices and market expands total supply for USD-pegged stablecoins is trending towards a new all-time high.

Stablecoin supply hits highest level in nearly two years amid USDe growth

USDP

The company aims to compete with major stablecoin issuers, utilizing Solana's efficiency for lower fees with Paxos USDP stablecoin.

Paxos USDP Stablecoin Is Now Supported On Solana

BUSD

LUNA

STMX

Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra&#x2019;s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these setbacks, the supplies of three other stablecoin assets have drastically reduced, now garnering minimal [&#8230;]

Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence

Paxos acquires regulatory nod from the NY DFS for its expansion to Solana. The platform will issue Pax Dollar on Solana on January 17, 2024. Solana’s co-founder, Raj Gokal, asserts the alliance envisions building a financially empowering future. Paxos, a prominent blockchain-based financial institution, announced the strategic expansion of its stablecoin issuance to the Solana [&#8230;]

Paxos Receives Regulatory Nod from NYDFS to Offer USDP on Solana

After shutting down BUSD, Paxos is back with a new stablecoin, USDP. Paxos has received the necessary permissions to expand USDP stablecoin to Solana.  Pax Dollar (USDP) will be available [&#8230;]

Paxos To Launch New Stablecoin, USDP, On Solana After Shutting Down BUSD

The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The company, which oversees the pax dollar (USDP), anticipates that Solana-issued USDP will be publicly available starting Jan. 17, 2024. Paxos Set to Launch Stablecoin on Solana, Expanding USDP Reach in Crypto Market On Friday, Paxos revealed [&#8230;]

Paxos Expands to Solana Following NYDFS Nod, Widening Stablecoin’s Horizon

Paxos, a major player in the stablecoin market, has secured regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain, according to a Dec. 22 Fortune report. This marks a significant development, as Paxos was previously limited to issuing its Pax Dollar (USDP) stablecoin exclusively [&#8230;]

Paxos secures New York regulatory approval to expand USDP stablecoin to Solana

Previously confined to Ethereum, Paxos expansion to Solana in direct competition with peers like Circle and Tether for critical market share.