paxos

Cryptocurrency trading and market-making institution GSR announced an investment of 100 million dollars to launch the on-chain credit business Hare, which is built in collaboration with the liquidity distribution platform Turtle, responsible for creating and managing on-chain vaults. GSR's multi-year commitment is primarily provided in the form of credit lines, with its own funds serving as anchor liquidity to enter Hare's products first, followed by the introduction of external investors.Hare initially launched two products supported by the lending protocol Aave: Hare USD Earn, which receives mainstream dollar stablecoins in a single vault, and Hare Gold Earn, which allows holders of Paxos tokenized gold products PAXG and PAXGy to earn returns, with Paxos Labs participating in the collaboration on gold products. Hare's CEO Connor Milner stated that GSR's commitment is considered deployed capital, allowing issuers to access liquidity from day one, and allocators can also see GSR's own funds in the same vault as theirs. Milner previously served as a senior director at London DeFi hedge fund Re7 Capital.Vaults are becoming an important component of on-chain finance, with investors depositing assets into smart contracts, and curators deciding how to deploy funds in lending markets and other strategies. According to data from Vaults.fyi, as of July, 788 curated vaults managed a total of 8.6 billion dollars in assets.

According to CoinDesk, Arbitrum announced its participation in the stablecoin alliance Global Dollar Network led by Paxos, with its issued stablecoin USDG going live on Arbitrum on Tuesday.This integration covers trading, lending, and payment scenarios, with partners including Fluid, Morpho, GMX, Maple, Li.Fi, Gauntlet, Steakhouse, LayerZero, and Kraken, while Uniswap and Fhenix will be integrated later.USDG is issued by Paxos, supported by a 1:1 dollar reserve, with cross-network circulation exceeding $3 billion. The Global Dollar Network has over 150 partners, including Robinhood, Kraken, Mastercard, and OKX. Its model distributes the earnings generated from USDG reserves to partners that promote adoption, rather than being solely enjoyed by the issuer. Currently, there are about $3.8 billion in stablecoins on the Arbitrum network, with approximately 60% being Circle's USDC, and previously, Arbitrum was unable to directly share the reserve earnings of these tokens.Brendan Ma, the investment strategy director of the Arbitrum Foundation, stated that with USDG, Arbitrum and ecosystem builders can now share the benefits of growth.

According to Cointelegraph, the cryptocurrency exchange OKX has launched the stablecoin savings and payment application OKX Money in parts of Latin America, Africa, South Asia, and the Middle East. The application allows users to deposit into their accounts using over 50 supported currencies, with deposits converted into a dollar-backed stablecoin.Users can hold USDG, USDC, or USDT for transfers and spend using a virtual card or physical card. Eligible customers can earn up to 10% annual percentage yield (APY) on qualifying USDG balances without the need for staking or locking.An OKX spokesperson stated that the product is rolled out market by market to comply with local requirements, and the relevant legal entities and regulatory frameworks vary by jurisdiction. OKX did not disclose specific initial markets. Users can achieve higher tiers by meeting a 30-day average deposit threshold, spending over 30 days, or reaching a higher exchange VIP level. The spokesperson mentioned that rates and eligibility vary by region and customer, and declined to comment on the source of the yields.OKX joined Paxos' Global Dollar Network in July 2025, allowing its users to transact and transfer using USDG. According to Chainalysis data, cross-border flows of stablecoins grew by 77.5% to $22.03 billion in the 12 months ending June 2026, with trade, remittances, and savings being the main use cases. The U.S. GENIUS Act prohibits stablecoin issuers from paying interest or yields, while the EU MiCA prohibits issuers and crypto service providers from offering interest on single currency stablecoins.

According to PR Newswire, Paxos Labs announced the launch of the gold-backed token PAXGy, with PAX Gold as the underlying asset, and holdings measured in ounces of gold. PAX Gold is fully backed by investment-grade gold in LBMA vaults and independently verified by KPMG.Holders can obtain PAXGy by depositing PAX Gold or exchanging accepted stablecoins.

The stablecoin USDG issued by Paxos has officially launched on the Ethereum Layer 2 network Mantle, which has also announced its partnership with the Global Dollar Network. This integration makes USDG one of the first natively minted stablecoins on Mantle, allowing Mantle to enter the USDG reward-sharing system and receive a share of the revenue generated from USDG activities.According to DefiLlama data, USDG currently has a market capitalization of approximately $3.18 billion, making it the seventh largest stablecoin by size. This stablecoin is issued by Paxos and is subject to regulatory frameworks in Singapore and the European Union, with Paxos publishing reserve reports monthly. As a partner, Mantle has joined the Global Dollar Network, which includes over 150 members, with other members including Kraken and Robinhood.Currently, there are multiple stablecoins on Mantle, including Agora's AUSD, Ethena's USDe, and Tether's USDT0. Mantle states that USDG will be used for DeFi applications and institutional capital allocation within its ecosystem. Additionally, Mantle has recently seen significant growth in the tokenization of real-world assets (RWA), with its distributed RWA value reaching $234.2 million as of this Wednesday, a 19% increase over the past 30 days.

Financial giant Charles Schwab announced that it has launched direct trading services for Bitcoin and Ethereum for approximately 40 million brokerage accounts. The product is named Schwab Crypto, covering 48 states in the U.S. (excluding New York and Louisiana), with a trading fee rate of 0.75%, operated by Charles Schwab Premier Bank and Paxos.Joe Vietri, head of digital assets at Charles Schwab, stated that the company aims to become the preferred platform for retail investors to allocate digital assets, supporting users to trade crypto assets alongside other investment types through its services, education, and research advantages. The company also maintains a risk warning, stating that even if Bitcoin or Ethereum only accounts for 1% to 3% of a portfolio, it can have a significant impact, and both have previously dropped over 70% in past cycles.

According to Lookonchain monitoring, a whale associated with Paxos sold 800 BTC (worth $50.72 million) again through Wintermute 8 hours ago.In the past two months, this whale has sold a total of 2500 BTC (worth $154 million).

According to on-chain analyst Ai Yi's monitoring, a certain address has transferred a total of 2,300 BTC to the Wintermute recharge address since June 25, with a total value of 142 million USD and an average recharge price of 61,813 USD.The most recent transfer occurred 6 hours ago, valued at 50,720,000 USD. The source of funds for this address is Paxos, and the ownership of the address has not yet been confirmed.

The gold token PAXG issued by Paxos has been launched on the Solana mainnet through the Sunrise protocol, becoming the first gold token regulated by the Office of the Comptroller of the Currency (OCC) and available in the Solana ecosystem.

According to The Block, the Dogecoin (DOGE) related organization House of Doge announced a partnership with the regulated stablecoin and crypto infrastructure provider Paxos to integrate Dogecoin into its enterprise-level crypto brokerage and custody network.Paxos is the underlying blockchain infrastructure service provider for payment platforms such as PayPal, Venmo, and Mercado Libre, which rely on Paxos' capabilities to offer users the buying, selling, and custody of crypto assets.This initial phase of the partnership is aimed at enterprise clients, and it remains unclear whether it will expand to consumer applications in the future. House of Doge CEO Marco Margiotta stated that this collaboration will accelerate the accessibility of Dogecoin globally and provide a compliant access path for mainstream fintech platforms.Paxos indicated that this move aims to provide secure and compliant access to digital assets through its regulated infrastructure and support enterprise clients in expanding their crypto asset product lines.

According to PRNewswire, the stablecoin issuer Paxos announced that its subsidiary Paxos Securities Settlement Company, LLC (PSSC) has received approval from the U.S. Securities and Exchange Commission (SEC) to officially register as a clearing agency, providing securities clearing and settlement services under the Securities Exchange Act.It is reported that this registration makes PSSC the first blockchain-native approved registered clearing agency in the United States, capable of providing clearing and settlement services as a Central Securities Depository (CSD) for qualified securities transactions.

The blockchain infrastructure company Paxos, regulated by multiple countries, announced that its Crypto Brokerage platform officially supports BONK. With Paxos' compliance licenses in the US OCC, Finland FIN-FSA, Singapore MAS, and other regions, its partners (including traditional financial institutions) will be able to provide users with secure and compliant BONK trading and custody services.Paxos pointed out that BONK has nearly 1 million holders and over 400 integrations in the Solana ecosystem, with an active community base. This move marks BONK's transition from a community-based meme coin to mainstream financial channels. Currently, over 500 million users worldwide can purchase BONK through major retail trading platforms and exchanges, relying on the same compliant regulatory platform trusted by institutions like PayPal, Mastercard, and Venmo.

According to official news, OKX Onchain OS released the Agent Payments Protocol (APP) yesterday. Subsequently, ecological participants from various fields such as public chains, infrastructure, and AI expressed their support on the X platform.Currently, the publicly supported institutions include more than twenty entities such as Paxos, Solana, RootData, Aptos, Pharos Network, Nansen, Sui, 0G Labs, HeySorin AI, Corbits, QuickNode, Otto AI, Ethy AI, AltLayer, pieverse, Optimism, Surf AI, KITE AI, Mesh, Sahara AI, Teneo Protocol, Zerion, Alibaba Cloud, Uniswap, and others.It is reported that the Agent Payments Protocol (APP) is an open payment protocol aimed at the commercial behavior of AI Agents, designed to support Agents in expanding their capabilities from payment to complete business processes.

Paxos Labs has spun off from the stablecoin issuer Paxos and raised $12 million, led by Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi developer Uniswap Labs.Paxos Labs co-founder Bhaumik Kotecha declined to disclose the valuation of this funding round. Paxos CEO Chad Cascarilla is also the CEO of Paxos Labs, which will primarily provide services for large enterprises to create and manage their own stablecoins.

According to Arkham data, at 02:12, 1000 PAXG (worth approximately $4.3886 million) was transferred from Paxos to B2C2 Group.

According to market news, the World Gold Council, established in 1987, is collaborating with the Boston Consulting Group to propose a "Gold as a Service" framework aimed at establishing standards for tokenized gold, challenging crypto-native issuers such as Tether Gold and PAX Gold.This service will provide a shared network that allows companies issuing tokenized gold to access a unified platform for managing physical reserves, enhancing trust through continuous audits, and establishing interchangeability between products. Currently, the tokenized gold market, dominated by Paxos and Tether, has a total market capitalization of approximately $4.9 billion, with each having established independent custody and issuance systems.The World Gold Council previously launched the first physical gold ETF in the U.S., SPDR Gold Shares, in 2004, which currently has a market capitalization of $126 billion. The council stated that the new service could lower the entry barriers for issuers and is expected to give rise to hundreds of tokenized gold products.

According to Arkham data, at 23:54, 1000 PAXG (worth approximately 4.588 million USD) was transferred from Paxos to B2C2 Group.

According to Arkham data, at 04:20, 785.27 PAXG (worth approximately 3.93 million USD) was transferred from Null Address to Paxos.

According to Arkham data, at 22:52, 802.86 PAXG (worth approximately 4.1861 million USD) was transferred from Null Address to Paxos.