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1. Global Dollar Network Launch: #Robinhood , #Kraken , #Paxos , and other major financial firms launched the Global Dollar Network, a regulated network aimed at boosting #stablecoin adoption. The network supports the Paxos USDG stablecoin, which is backed 1:1 with the US dollar and regulated out of Singapore, with DBS Bank handling its reserves. USDG, initially available on Ethereum, aims to expand to other blockchains as regulations progress. 2. Semler Scientific's Bitcoin Holdings: Medical device company Semler Scientific has acquired 1,058 #Bitcoin , worth approximately $72 million, positioning it as one of the top Bitcoin holders among publicly traded companies. Despite a year-over-year revenue decline in Q3, Semler's net income rose slightly, and it plans to continue buying Bitcoin to maximize shareholder value. Its share price increased following the disclosure of its Bitcoin holdings. These developments reflect growing interest in crypto assets within both financial networks and corporate treasuries.
1. Global Dollar Network Launch: #Robinhood , #Kraken , #Paxos , and other major financial firms launched the Global Dollar Network, a regulated network aimed at boosting #stablecoin adoption. The network supports the Paxos USDG stablecoin, which is backed 1:1 with the US dollar and regulated out of Singapore, with DBS Bank handling its reserves. USDG, initially available on Ethereum, aims to expand to other blockchains as regulations progress.

2. Semler Scientific's Bitcoin Holdings: Medical device company Semler Scientific has acquired 1,058 #Bitcoin , worth approximately $72 million, positioning it as one of the top Bitcoin holders among publicly traded companies. Despite a year-over-year revenue decline in Q3, Semler's net income rose slightly, and it plans to continue buying Bitcoin to maximize shareholder value. Its share price increased following the disclosure of its Bitcoin holdings. These developments reflect growing interest in crypto assets within both financial networks and corporate treasuries.
Paxos launches Global Dollar $USDG stablecoin #Paxos has launched the Global Dollar #USDG , a new stablecoin backed by the US dollar, compliant with Singapore's Monetary Authority of Singapore (MAS) upcoming regulations. Issued by Paxos Digital Singapore Pte. Ltd., USDG aims to enhance global #stablecoin adoption, particularly among regulated institutions.
Paxos launches Global Dollar $USDG stablecoin

#Paxos has launched the Global Dollar #USDG , a new stablecoin backed by the US dollar, compliant with Singapore's Monetary Authority of Singapore (MAS) upcoming regulations. Issued by Paxos Digital Singapore Pte. Ltd., USDG aims to enhance global #stablecoin adoption, particularly among regulated institutions.
#Paxos Launches New Stablecoin: Global Dollar (#USDG ) Paxos, the company behind the popular stablecoin USDP, has introduced a new USD-backed #stablecoin called Global Dollar (USDG). This new stablecoin is designed to comply with 🇸🇬 Singapore's regulatory framework and will be issued by Paxos Digital Singapore. DBS Bank, Singapore's largest bank, will be a key partner in managing USDG's reserves. 💪👀 This marks Paxos's second localized stablecoin offering, following the launch of #USDL in the UAE. With this expansion, Paxos continues to solidify its position as a leading player in the global stablecoin market. 💦 DYOR!
#Paxos Launches New Stablecoin: Global Dollar (#USDG )

Paxos, the company behind the popular stablecoin USDP, has introduced a new USD-backed #stablecoin called Global Dollar (USDG). This new stablecoin is designed to comply with 🇸🇬 Singapore's regulatory framework and will be issued by Paxos Digital Singapore.

DBS Bank, Singapore's largest bank, will be a key partner in managing USDG's reserves. 💪👀

This marks Paxos's second localized stablecoin offering, following the launch of #USDL in the UAE. With this expansion, Paxos continues to solidify its position as a leading player in the global stablecoin market. 💦 DYOR!
A/C to Lookonchain monitoring, in the past 24 hours, a suspected fund/institution address starting with 0x335 withdrew 350 million USDC from Circle and transferred it to Binance. #Paxos #BUSD #fud #crypto2023 #ai
A/C to Lookonchain monitoring, in the past 24 hours, a suspected fund/institution address starting with 0x335 withdrew 350 million USDC from Circle and transferred it to Binance. #Paxos #BUSD #fud #crypto2023 #ai
#Breaking : The address labeled Justin Sun just withdrew $300 million in BUSD from #Binance and sent it to #Paxos for burning (in exchange for cash or USDP)
#Breaking :

The address labeled Justin Sun just withdrew $300 million in BUSD from #Binance and sent it to #Paxos for burning (in exchange for cash or USDP)
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Paxos Treasury Burned 140,000,000 BUSD; Is The BUSD Era Over?The Paxos Treasury has burnt 140,000,000 BUSD, knocking the Binance Dollar (BUSD) out of the top 10 by capitalization. BUSD is quickly disappearing from the stablecoin market as Paxos is given the death penalty by US regulators. Although Paxos is devoted to maintaining the margin and converting BUSD to cash, the market share of this stablecoin is definitely dropping. Due to the inability to produce new coins and Paxos' continual burning of currencies, the current supply of this stablecoin is just about 10.98 billion tokens, a loss of over 31% over the past 30 days. This directly reflects the stablecoin's position in terms of market capitalization. CoinGecko stated, BUSD was sixth in terms of market value prior to the incident but has now slid out of the top 10 and is now at position 11.The coin that gains the most from maintaining its unique status is Tether (USDT). The entire supply of USDT has climbed by around 5% during the last 30 days, DefiLlama said, increasing the stablecoin’s capitalisation to $70.9 billion. With a direct market share of 52.3% held by Tether, the stablecoin market cap is currently hovering around $135.4 billion. The Dollar Coin (USDC) from Circle comes in second. In spite of accusations that it suggested Paxos-BUSD to New York officials, Circle has persisted lately. The USDC market capitalisation is now about 42.2 billion USD, representing 31.2% of the market. Another stablecoin that is rising in popularity is TrueUSD (TUSD). Binance appears to be moving its priority to TUSD after being unable to do business with BUSD, as Binance issued a huge quantity of stablecoin TUSD on February 17. The 30-day period saw a 16% increase in TUSD supply, bringing the capitalization to $1.1 billion. With a 0.8% market share at the moment, TrueUSD is ranked fifth, behind USDT, USDC, BUSD, and DAI. The stablecoin war is anticipated to intensify soon as new competitors like Curve's crvUSD, Aave's GHO, and Fantom's fUSD join the fight. #Paxos #Binance #BUSD #crypto2023

Paxos Treasury Burned 140,000,000 BUSD; Is The BUSD Era Over?

The Paxos Treasury has burnt 140,000,000 BUSD, knocking the Binance Dollar (BUSD) out of the top 10 by capitalization.

BUSD is quickly disappearing from the stablecoin market as Paxos is given the death penalty by US regulators. Although Paxos is devoted to maintaining the margin and converting BUSD to cash, the market share of this stablecoin is definitely dropping. Due to the inability to produce new coins and Paxos' continual burning of currencies, the current supply of this stablecoin is just about 10.98 billion tokens, a loss of over 31% over the past 30 days.

This directly reflects the stablecoin's position in terms of market capitalization. CoinGecko stated, BUSD was sixth in terms of market value prior to the incident but has now slid out of the top 10 and is now at position 11.The coin that gains the most from maintaining its unique status is Tether (USDT). The entire supply of USDT has climbed by around 5% during the last 30 days, DefiLlama said, increasing the stablecoin’s capitalisation to $70.9 billion. With a direct market share of 52.3% held by Tether, the stablecoin market cap is currently hovering around $135.4 billion.

The Dollar Coin (USDC) from Circle comes in second. In spite of accusations that it suggested Paxos-BUSD to New York officials, Circle has persisted lately. The USDC market capitalisation is now about 42.2 billion USD, representing 31.2% of the market. Another stablecoin that is rising in popularity is TrueUSD (TUSD). Binance appears to be moving its priority to TUSD after being unable to do business with BUSD, as Binance issued a huge quantity of stablecoin TUSD on February 17. The 30-day period saw a 16% increase in TUSD supply, bringing the capitalization to $1.1 billion. With a 0.8% market share at the moment, TrueUSD is ranked fifth, behind USDT, USDC, BUSD, and DAI.

The stablecoin war is anticipated to intensify soon as new competitors like Curve's crvUSD, Aave's GHO, and Fantom's fUSD join the fight.

#Paxos #Binance #BUSD #crypto2023
Binance CEO CZ Highlights Rising Market Cap of USDTThe founder of Binance, the largest #cryptocurrency exchange in the world, Changpeng Zhao, used Twitter earlier today to highlight the market conditions for stablecoins. The #Binance CEO began by highlighting the absurdity in Binance USD's (BUSD) winding down despite it being the “most fiat-backed stablecoin.” Zhao's tweet said that #Paxos Trust Company, a stablecoin company governed by the New York Department of Financial Services (NYDFS) and audited by major accounting firms, was the issuer of BUSD. Nevertheless, when Paxos was instructed to stop creating the stablecoin last month, these reasons proved to be useless. Changpeng Zhao emphasized that Tether USD (USDT), the largest stablecoin in the world, had been able to increase its market value by more than 9% despite the crackdown on Paxos and BUSD. The market capitalization of USDT has increased to a staggering $77 billion since the minting of #BUSD was stopped on February 21. BUSD's market value, meanwhile, has experienced a severe decline, falling by more than 37% during the same time frame. The stablecoin had a $8.1 billion market valuation at the time of writing. Another stablecoin is failing as a result of the recent turbulence in the banking sector. The founder of Binance called attention to USD Coin's (USDC) plight, which was made worse by Silicon Valley Bank's (SVB) collapse last week. For a brief while, the stablecoin was not tied to the US dollar and traded as low as 90 cents. According to Changpeng Zhao, bank closures are also lowering USDC's market capitalization. Since March 10 when SVB fell, the market cap of the stablecoin has decreased by more than 18%. This news is republished from https://coinaquarium.io/

Binance CEO CZ Highlights Rising Market Cap of USDT

The founder of Binance, the largest #cryptocurrency exchange in the world, Changpeng Zhao, used Twitter earlier today to highlight the market conditions for stablecoins. The #Binance CEO began by highlighting the absurdity in Binance USD's (BUSD) winding down despite it being the “most fiat-backed stablecoin.”

Zhao's tweet said that #Paxos Trust Company, a stablecoin company governed by the New York Department of Financial Services (NYDFS) and audited by major accounting firms, was the issuer of BUSD. Nevertheless, when Paxos was instructed to stop creating the stablecoin last month, these reasons proved to be useless.

Changpeng Zhao emphasized that Tether USD (USDT), the largest stablecoin in the world, had been able to increase its market value by more than 9% despite the crackdown on Paxos and BUSD. The market capitalization of USDT has increased to a staggering $77 billion since the minting of #BUSD was stopped on February 21.

BUSD's market value, meanwhile, has experienced a severe decline, falling by more than 37% during the same time frame. The stablecoin had a $8.1 billion market valuation at the time of writing. Another stablecoin is failing as a result of the recent turbulence in the banking sector.

The founder of Binance called attention to USD Coin's (USDC) plight, which was made worse by Silicon Valley Bank's (SVB) collapse last week. For a brief while, the stablecoin was not tied to the US dollar and traded as low as 90 cents. According to Changpeng Zhao, bank closures are also lowering USDC's market capitalization. Since March 10 when SVB fell, the market cap of the stablecoin has decreased by more than 18%.

This news is republished from https://coinaquarium.io/

Recently, 140,000,000 BUSD were burned at the #Paxos Treasury, causing the Binance Dollar (BUSD) to fall out of the top 10 by capitalization. As Paxos received a death sentence from US regulators, #BUSD  is rapidly disappearing off the market’s stablecoin map. 🔶 #Binance #BTC
Recently, 140,000,000 BUSD were burned at the #Paxos Treasury, causing the Binance Dollar (BUSD) to fall out of the top 10 by capitalization.

As Paxos received a death sentence from US regulators, #BUSD  is rapidly disappearing off the market’s stablecoin map. 🔶
#Binance #BTC
😱💲71,000,000 #PAX (71,042,600 #USD ) minted at #Paxos Treasury.
😱💲71,000,000 #PAX (71,042,600 #USD ) minted at #Paxos Treasury.
🚨 Starting from Nov 30th, 4 amber group addresses transfer over $124M #BUSD to #Paxos Treasury and one other address related to #Paxos Resource : Scope Protocol #Crypto
🚨 Starting from Nov 30th, 4 amber group addresses transfer over $124M #BUSD to #Paxos Treasury and one other address related to #Paxos

Resource : Scope Protocol

#Crypto
“#FDIC sells #SignatureBank deposits to Flagstar, crypto not included” (Source: Cointelegraph) “…approximately $4 billion of deposits held by Signature Bank's digital assets business.” “#Coinbase #Celsius and #Paxos … recently confirmed having some exposure to Signature Bank.”
#FDIC sells #SignatureBank deposits to Flagstar, crypto not included” (Source: Cointelegraph)
“…approximately $4 billion of deposits held by Signature Bank's digital assets business.”
#Coinbase #Celsius and #Paxos … recently confirmed having some exposure to Signature Bank.”
Регулятор Нью-Йорка разрешил Paxos выпустить стейблкоин в сети Solana Happycoin.club - Эмитент стейблкоинов Paxos получил одобрение регулятора Нью-Йорка на расширение деятельности на блокчейне Solana, хотя ранее организация получила ограничения на работу в сети Ethereum. В компании Paxos заявили, что одобрение Департамента финансовых услуг Нью-Йорка «представляет собой важную веху для инноваций и развития корпоративного и потребительского бизнеса организации». В финансово-технологической компании заявили, что планируют выпустить на Solana стейблкоин USDP, поддерживаемый долларом США. Отдельно отмечается, что блокчейн Solana имеет высокую скорость транзакций и низкие комиссии за переводы. #Solana #Paxos #etherium #Stablecoins
Регулятор Нью-Йорка разрешил Paxos выпустить стейблкоин в сети Solana

Happycoin.club - Эмитент стейблкоинов Paxos получил одобрение регулятора Нью-Йорка на расширение деятельности на блокчейне Solana, хотя ранее организация получила ограничения на работу в сети Ethereum.

В компании Paxos заявили, что одобрение Департамента финансовых услуг Нью-Йорка «представляет собой важную веху для инноваций и развития корпоративного и потребительского бизнеса организации».

В финансово-технологической компании заявили, что планируют выпустить на Solana стейблкоин USDP, поддерживаемый долларом США. Отдельно отмечается, что блокчейн Solana имеет высокую скорость транзакций и низкие комиссии за переводы.
#Solana #Paxos #etherium #Stablecoins
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$PUNDIX partnered with #Paxos 😎 People can exchange physical gold for digital gold Paxos Gold $PAXG and the other way around with the #PundiX pos machine called XPOS in South Africa. Meanwhile hundreds of merchants can accept or sell Paxos Gold #PAXG token from the XPOS. I love these two projects @Paxos @PundiXLabs
$PUNDIX partnered with #Paxos 😎 People can exchange physical gold for digital gold Paxos Gold $PAXG and the other way around with the #PundiX pos machine called XPOS in South Africa. Meanwhile hundreds of merchants can accept or sell Paxos Gold #PAXG token from the XPOS.

I love these two projects @Paxos @PundiX Labs
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🚨 Breaking News! 📊 The US Securities and Exchange Commission (SEC) closes its investigation into Paxos, the issuer of the stablecoin $BUSD! 🇺🇸🚫 The regulator declares that $BUSD is not a security, providing long-awaited clarity for the crypto industry. This decision sets a precedent for the classification of stablecoins and paves the way for further growth and adoption! Feel Free to Reach out us 👉TG@ItxAP117 For signals📶🚦 #Paxos #BUSD #Stablecoin #SEC #CryptoRegulation $BTC
🚨 Breaking News! 📊
The US Securities and Exchange Commission (SEC) closes its investigation into Paxos, the issuer of the stablecoin $BUSD! 🇺🇸🚫
The regulator declares that $BUSD is not a security, providing long-awaited clarity for the crypto industry.
This decision sets a precedent for the classification of stablecoins and paves the way for further growth and adoption!

Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#Paxos #BUSD #Stablecoin #SEC #CryptoRegulation
$BTC
#Coinbase #Celsius and #Paxos have disclosed that they hold funds in Signature Bank, a New York-based financial institution that focuses on digital asset businesses. The move is seen as a further sign of traditional banks' increasing openness to serving cryptocurrency companies.
#Coinbase #Celsius and #Paxos have disclosed that they hold funds in Signature Bank, a New York-based financial institution that focuses on digital asset businesses. The move is seen as a further sign of traditional banks' increasing openness to serving cryptocurrency companies.
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