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Paxos is applying to become a US bank — Here’s why that matters
Paxos, the company that issues PayPal’s $1 billion stablecoin, has applied for a national trust bank charter in the US, becoming the latest crypto company to pursue becoming a Federally-regulated bank in the US. It’s a move that could give Paxos a gloss of establishment respectability, and a direct presence in America’s financial sector. If approved, Paxos will be able to operate across the US without navigating the patchwork of local banking licences. However, while an approval would allow Paxos to hold customer assets and settle transactions, it won’t act as a traditional lender that can accept deposits and ... (full story)
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From abs.gov.au|Aug 12, 2025The seasonally adjusted Wage Price Index (WPI) rose 0.8% this quarter. • Over the twelve months to the June 2025 quarter, the WPI rose 3.4%. • The private sector rose 0.8% and the ...
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From youtube.com/cnbctelevision|Aug 12, 2025On today’s episode of CNBC Crypto World, Circle shares jump after the stablecoin issuer posted a 53% increase in revenue, driven by strong stablecoin growth in the quarter. Plus, ...
