Tether promises an audit in ‘months’ as Paxos claims USDT is not a real stablecoin

There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel.
An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process.

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Bank of America partnership with Paxos will allow same-day trade settlements

The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades.
According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology.

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Second-Biggest US Bank Joins Paxos’s Blockchain Stock Settlement Network – BeInCrypto

Bank of America (BoA) has joined with Paxos Blockchain Stock Settlement Network in the latest sign that Wall Street is inching closer to crypto. 
It was announced Monday that Bank of America has joined with Paxos, a blockchain-based settlement network for U.S. equities.

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Got crypto? Here are 3 debit cards that let you spend your stack

As blockchain technology and the public’s awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems.

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Paxos Raises $300 Million, Seeks National Bank Charter – BeInCrypto

Blockchain startup Paxos Trust received $300 million in its latest funding round, raising its valuation to $2.4 billion.
The Series D investment was led by venture capital firm Oak HC/FT. It also included existing investors Declaration Partners, PayPal Ventures and Mithril Capital.

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PayPal crypto partner Paxos raises $300M

Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank.
On Thursday, the firm announced a new $300-million Series D funding round bringing Paxos’ valuation to $2.

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Paxos receives ‘preliminary conditional approval’ for US bank charter

The U.S. Office of the Comptroller of the Currency (OCC) has granted today stablecoin company and PayPal collaborator Paxos a federal charter to form a national trust bank — just the third such charter the OCC has granted crypto-native companies.

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