# Paxos

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Paxos Acquires Institutional DeFi Wallet Provider Fordefi in $100M+ Deal 🏦
Paxos, the issuer of PayPal USD ($PYUSD), has acquired institutional wallet infrastructure provider Fordefi for over $100 million. The acquisition will integrate Fordefi's institutional-grade MPC wallet technology into Paxos' regulated custody platform.
Fordefi's platform currently safeguards over $120 billion in monthly transaction volume across 90+ blockchains, providing robust transaction processing and compliance tools for institutional DeFi operations. The integration will create a unified infrastructure offering
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#Paxos bought institutional wallet firm Fordefi in a $100M+ deal to strengthen its stablecoin, custody and tokenization stack.
$PAXG $PYUSD
PAXG4,14%
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🚨 🚨 🚨 🚨 🚨 🚨 🚨 149,999,999 #PYUSD (150,029,933 USD) transferred from #Paxos to unknown wallet
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🚨 Today's Crypto Hotspots Collection, Get Market Focus in 1 Minute
1. Mainstream coins are on a downward trend, while altcoins are experiencing sporadic speculation: #BTC、ETH、SOL The three major mainstream cryptocurrencies continue to decline, showing a weak overall trend. Only a few altcoins are taking the opportunity to rise, but the increase lacks sustainability. The outer U.S. stock market is showing mixed results, and the current market has entered a "garbage trading time," with low operational value.
2. AI Concept Coin #COAI turns into a "demon", with a market value of 16.1 billio
BTC-0,14%
ETH-0,08%
SOL-1,45%
COAI-5,78%
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Whale Movements Alert
The US ETF market welcomes significant capital inflow. On September 29, the Bitcoin fund absorbed approximately $518 million in funds. At the same time, the Ethereum fund also received about $546.9 million in purchases.
$BTC $ETH #Cryptocurrency #Blockchain #Coinbase #Paxos
BTC-0,14%
ETH-0,08%
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💡Information
The issuance rights of the USDH stablecoin under Hyperliquid have attracted competition from multiple institutions, with Paxos, Frax, and others submitting bidding proposals. Paxos promises compliance and high yield distribution, while Frax plans to peg USDH to frxUSD. Agora has formed a joint team, committing to revenue distribution. The proposal deadline is September 10, and voting will take place on September 14. #稳定币 #Paxos #Frax #Hyperliquid
HYPE11,97%
FRAX9,36%
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In a pivotal step towards integrating digital assets into the traditional financial system, the Office of the Comptroller of the Currency #OCC granted conditional approval to #Circle , #Ripple , Fidelity, #Paxos , and #BitGo to obtain national banking licenses.
This official recognition comes as the market capitalization of stablecoins surpasses $313 billion, solidifying these companies' positions as fundamental pillars of the new financial economy.
$XRP
XRP-0,31%
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