Paxos acquires Membrane Finance for EU stablecoin expansion
Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.
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Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.
A swathe of major firms from traditional finance have partnered to launch the Global Dollar Network, a regulation-compliant network designed to accelerate the adoption of […]
Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said.
The stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security.
Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin. Crypto firm Paxos […]
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval. Crypto infrastructure […]
