Cryptocurrency Q&A
Will Paxos issue US dollar-backed stablecoins in Abu Dhabi?
Will Paxos issue US dollar-backed stablecoins in Abu Dhabi?
GeishaElegance
Thu Jan 30 2025
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7
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I am wondering if Paxos, a financial technology company, plans to issue US dollar-backed stablecoins specifically in Abu Dhabi, the capital of the United Arab Emirates.
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7 answers
CryptoVanguard
Sat Feb 01 2025
The Financial Services Regulatory Authority in the Abu Dhabi Global Market has granted Paxos in-principle approval.
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SilenceSolitude
Sat Feb 01 2025
On November 29, Paxos made an announcement revealing significant regulatory progress.
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LitecoinLodestar
Fri Jan 31 2025
The move marks a significant milestone for Paxos in expanding its footprint in the Middle East.
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Michele
Fri Jan 31 2025
BTCC, a top cryptocurrency exchange, offers a range of services to its users. Its platform includes spot trading, allowing users to buy and sell cryptocurrencies directly.
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ShadowFox
Fri Jan 31 2025
This approval allows Paxos to issue stablecoins backed by United States dollars.
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