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CATEGORY: pax dollar

Paxos acquires Membrane Finance for EU stablecoin expansion
Author: Cointelegraph by Derek Andersen
United States
Source: Cointelegraph.com News
Nov 20, 2024 12:00

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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Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 07, 2023 10:30

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times for Stablecoins: Major Players Hit with Sweeping [...]

The post Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume appeared first on Crypto Breaking News.

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