# Paxos

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

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

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