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According to the Journal's report, Tether Holdings co-owner Stephen Moore pushed back against the use of fake sales invoices, saying "I would not want to argue any of the above in a potential fraud/money laundering case" in an email seen by the Journal, referring to an intermediary which traded USDT
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Circle is presently focused on expanding its staff. However, it also confirms that its plan to go public is not entirely off the table. USD Coin (USDC) issuer Circle has revealed plans to increase its workforce by up to 25% in the current year. The report, which was shared by The
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USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal.When a significant chunk of industry-wide firms is laying off staff to mitigate their financial woes, Circle has gone against the tide to hire more people. 41%
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The maneuver is a sign of investors exiting BUSD quickly. The $700 million redemption in a little more than a day represents some 6% of the total coins in circulation. Changpeng “CZ” Zhao, chief executive of Binance, the world’s largest crypto exchange by trading volume, tweeted Monday that BUSD market
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According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD
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The Wall Street bond trading powerhouse is managing Tether's $39 billion bond portfolio, according to the report. Source
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Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar with the matter” told Bloomberg in a Feb. 10 report that the exact motive behind the probe
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The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear. Source
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Its assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued. Source
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Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer. Original Source
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