Paxos, the veteran stablecoin and blockchain infrastructure firm, is leaning further into DeFi. On Tuesday, the company announced that it had acquired Fordefi, a New York-based startup that helps ...

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 ...

Fordefi's MPC-based wallet technology will integrate into Paxos' custody infrastructure while maintaining independent operations. The acquisition marks Paxos' second purchase in a year, following its ...

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 mistakenly minted $300 trillion worth of PayPal USD (PYUSD) stablecoins on Ethereum before burning them within minutes. The company attributed the issue to an ...

Paxos mistakenly minted $300 trillion in PYUSD before quickly burning the tokens and reissuing $300 million, citing user error. The blunder exposed a lack of on-chain ...

Paxos updated its bid to issue Hyperliquid’s USDH stablecoin, unveiling a PayPal-backed product with payment integration and a revenue model tied to the DEX’s growth. Stablecoin issuer Paxos has ...