Wednesday, November 6, 2024
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Paxos and MercadoLibre partner up to bring USDP to Mexico

Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28. According to a press release shared with Cointelegraph, USDP will be available to all MercadoPago customers throughout Mexico. While the company is

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Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin

USDP is a dollar-pegged stablecoin one-to-one backed by cash and cash-equivalent U.S. government debt instruments, according to independent attestations. Both Paxos and USDP are regulated by the New York Department of Financial Services (NYDFS), the state’s leading financial regulatory agency. Effectively, Paxos would pass a part of the revenue earned

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Binance Ditched USDC, USDP and TUSD. Even Circle Internet Financial Was OK With It

With some $20 billion in average daily volume over the past month, the Binance exchange is roughly eight times larger than its nearest competitor, FTX, in terms of transactions, according to Coinranking. Thus, its announcement stirred some controversy at first, interpreted as the exchange’s attempt to use its heft to

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