Paxos Trust Company LLC has acquired Fordefi Inc., a startup with a crypto wallet platform used by more than 200 institutional investors. Fortune reported on Tuesday that the deal is worth more than ...

Digital asset infrastructure firm Paxos said Tuesday it has acquired Fordefi, a wallet provider startup, a move aimed at strengthening its custody offering as institutional adoption accelerates. The ...

Paxos has taken its next step in multi-chain stablecoin infrastructure with a targeted launch across key networks. Paxos has named three fast-rising networks as the first venues for its new omnichain ...

What Is Paxos’ USDG0 and Why Does It Matter? Paxos Labs has launched USDG0, an omnichain extension of its regulated USDG stablecoin, using LayerZero’s OFT (Omnichain Fungible Token) standard to bring ...

Paxos accidentally minted 300 trillion PayPal USD (PYUSD) tokens before burning them minutes later. CEO Charles Cascarilla has responded to the error by calling the ...

Paxos mistakenly minted 300 trillion PYUSD tokens last week before burning them 24 minutes later in what the company on Wednesday called an "internal technical error" that never left its systems. The ...

Paxos CEO Charles Cascarilla addressed the $300 trillion stablecoin minting error, emphasizing the importance of blockchain transparency. A manual security lapse caused the error, and the tokens were ...

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Whale alerts began to blare across the cryptosphere yesterday after Paxos minted 300 trillion of PayPal’s stablecoin, PYUSD, valued at over double global GDP. The tokens were burned 22 minutes later, ...

Paxos mistakenly minted $300 trillion in PYUSD, prompting NYDFS scrutiny and renewed concern over human error in stablecoin collateral systems. The overmint was ...