Paxos, the blockchain infrastructure firm behind BUSD, has agreed to pay a $48.5 million settlement to the New York Department of Financial Services (NYDFS) for anti-money laundering (AML) failures related to its partnership with Binance (Finextra).
The Breakdown
$26.5M in Penalties, $22M in Compliance SpendPaxos will...
MiCA’s arrival reshapes the stablecoin battlefield, and Paxos wants to lead the charge.
The announcement
On July 2, 2025, Paxos announced the launch of a MiCA-compliant euro-denominated stablecoin, called Paxos Euro (EURL). According to Finextra, the new token will be issued by Paxos International,...
