Paxos’ Post

Paxos has announced a new yield-generating stablecoin: Lift Dollar (USDL) 🏋️♂️ While most stablecoins have to be staked in #DeFi to earn yield, USDL earns compliant, daily yield. This industry first is a sign of an increasingly mature #tokenization landscape. As our industry continues to evolve, we expect to see continued disintermediation that positively impacts end users and financial institutions leveraging emerging technologies.

Binance plans to sell 72.6% stake in South Korean crypto exchange GOPAX to MegaZone, reducing its stake to 10%. The move aims to comply with regulatory requirements, including changing the largest shareholder and improving governance. This strategic decision is driven by the need to meet the Financial Services Commission’s request and facilitate the renewal of real-name account contracts with Jeonbuk Bank. The sale is crucial for both Binance and GOPAX to maintain their status as a won exchange, especially considering GOPAX's capital erosion and outstanding debts. MegaZone is emerging as a potential key player in resolving Binance's regulatory challenges in the South Korean market.

Completely wrong and shows a lack of understanding of MiCA's implementation. No 'exchange' needs to comply with MiCA until the 30th of December this year, because until that date, it is impossible to have a Crypto-Asset Service Provider (CASP) as defined under MiCA; Title V of MiCA, being the title that regulates CASPs, only becomes applicable on that date. What that means is that exchanges and other service providers continue being regulated under their respective national laws until that date, so it's business as usual until then. They can list any crypto-asset as long as it's not an instrument regulated under other applicable EU laws (such as financial instruments under MiFID II), and of course in compliance with whatever requirements there might be under the relevant national laws (with most countries not having any since they have only implemented the 5AMLD as a base form of crypto-related regulation). Moreover, simply admitting to trading a crypto-asset, and publishing the bids/offers, is not tantamount to a public offering, as very clearly explained under Recital 28 of MiCA. Admission to trading on a trading platform should not be confused with a primary offering of a crypto-asset, being defined as an offer to the public under MiCA. Tl;dr - it will continue being business as usual for exchanges until 30 December 2024; the 30 June 2024 deadline is mostly relevant for whoever is intending to do an offer to the public of ARTs or EMTs, or seek their admission to trading within the Union.

🚀 Paxos Charts New Territory in Europe with Membrane Finance Acquisition 🚀 Paxos, a trailblazer in the stablecoin space, is gearing up to expand its footprint across the European Union through its strategic acquisition of Membrane Finance, a licensed electronic money institution in Finland. This bold move comes amid the EU's implementation of the Markets in Crypto Assets

From $BTC to $TRUMPSOL: Stylish Diversification My preferred options are still $BTC and $ETH, but include $TRUMPSOL has changed everything.this is the ideal time to discover new crypto frontiers because of its listing on bingX and exciting benefits like airdrops and zero-fee trading. Being varied is essential to staying ahead

#TONUSDT is riding the wave, outperforming the market! 📈 Capitalize on a strong 1:3 risk/reward setup. Dive into the strategy now ➡️ https://shorturl.at/anpxN #Crypto #Trading #Signals

⚡ LATEST: Circle, Binance join forces for global stablecoin expansion Binance will make USDC more available across its platform, while Circle will provide liquidity and technology and help Binance build new relationships.

MOCA Listing and CandyBomb Event Buzz Diving into the bustling world of digital currencies, where every move could shape the future of innovation, $MOCA recently made waves with its listing on Bitget, a moment that has set the digital currency community abuzz. Alongside this milestone, an exciting event called CandyBomb has captured attention. From July 11th to July 18th (UTC), participants are invited to complete MOCA net deposit tasks, sparking a flurry of activity and discussions about the coin's potential. The $MOCA listing on Bitget isn't just about financial transactions. It marks a significant stride towards integrating $MOCA into broader digital ecosystems, inviting the community to engage through trading activities and collaborative efforts. What are your thoughts on this intriguing development? How do you envision events like CandyBomb impacting the adoption and perception of $MOCA? Share your insights on what this means for Mocaverse and the evolving landscape of digital currencies.

⚡ LATEST: Circle, Binance join forces for global stablecoin expansion Binance will make USDC more available across its platform, while Circle will provide liquidity and technology and help Binance build new relationships.

Stablecoin discussions at Cryptobro events be like: MiCa, HKMA Stablecoin regulation, OCC all leading to stablecoins being globally adopted! Me: So does anyone know if Circle is profitable?