Company
Paxos is a blockchain infrastructure firm offering regulated digital-asset custody, settlement, and stablecoin issuance, including tokens like USDP.
Schwab has opened bitcoin and ether trading to eligible retail clients on a $13.33 trillion platform at a 0.75% fee. CEO Rick Wurster calls it transaction revenue, and each $1 billion traded would yield $7.5 million.
Reality
Interactive Brokers, which reports more than $903 billion in client assets, launched Ethereum staking through Zerohash on Oct. 13. Rewards compound inside the staked balance, but the coverage of the launch does not state a reward rate or a fee, so a client cannot yet work out the net yield.
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Mastercard CEO Michael Miebach said Oct. 9 that cross-border payments are stablecoins' strongest use, citing OUSD, a coin Visa and Stripe also back. His biggest stablecoin deal, up to $1.8 billion for BVNK per Crypto Briefing, buys tools to hold and convert whichever coin businesses pick.
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Paxos added XRP, a token worth nearly $95 billion, to its Crypto Brokerage platform on October 7, opening it to clients such as PayPal and Schwab. Retail buyers get it only when a partner lists it, a step Schwab's August token plan did not take.
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Arbitrum joined Paxos's Global Dollar Network to share USDG reserve income, with a DAO proposal to add 100 million ARB in incentives. It takes no direct cut of the USDC that is about 60% of its $3.8 billion in stablecoins, so the payoff depends on USDG winning that float.
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GSR is committing $100 million, mostly through a credit facility, to Hare, a new onchain vault business built with Turtle. Its money goes in first as anchor liquidity, so Hare becomes a product line only if outside allocators follow.
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OKX launched OKX Money, an app that turns more than 50 local currencies into dollar stablecoins and pays up to 10% on eligible USDG balances. Who pays for that rate decides how long OKX can compete with local banks and remittance firms for emerging-market savings, and the company declined to say.
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Modern Treasury has applied to the OCC for a trust bank to custody stablecoins and fiat for clients of a business that has moved over $600 billion. Approval would let its corporate clients hold and move both kinds of balance through one federally supervised entity.
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DogeOS opened a public testnet on September 30 that brings Ethereum-style smart contracts to Dogecoin, whose DOGE token has a $14.7 billion market cap. Until Dogecoin can verify the rollup's proofs, DOGE used as programmable capital would depend on the bridge's signers.
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SOL, AVAX and LINK gained between 4% and 11.6% on a Schwab announcement that carries no launch date, no New York access and a 75 basis point fee, which suggests the market is now pricing shelf space rather than protocols.
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Paxos's Global Dollar cleared $21.8bn of Uniswap volume in September on a circulating supply of about $3.2bn, a turnover cryptobriefing traces to a dynamic-fee hook for stablecoin pairs that went live on September 10.
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The OCC has conditionally approved Bastion Platforms National Trust Company to issue, custody and convert stablecoins on behalf of clients, a fee business housed inside a charter that bars deposits and FDIC cover.
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The model's answers wobble by a few hundredths on identical input, so the checkable properties live in a TLA+ spec and a Rust quorum rule that counts only votes whose margin clears a measured noise floor.
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BVNK processed more than $30 billion of stablecoin transactions last year and now plugs into Marqeta's issuing platform, where the card rails stay as they are and the currency conversion happens out of the cardholder's sight.
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Builders Bank & Trust would custody bitcoin and stablecoins under one federal supervisor instead of fifty state ones. That is worth paying for. But 23 of the OCC's last 40 applications want much the same thing.
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Securitize's on-ramps and off-ramps now settle in Paxos' USDG. Global Dollar Network partners can collect up to all of the T-bill yield on the reserves backing it, and that yield share is why the default is worth choosing.
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Messari puts Morpho's outstanding loans at a record $5bn, with 95% of it stablecoin credit. About $1.3bn of that comes from Coinbase customers borrowing USDC against $2.5bn of cbBTC, and that prices out as a 52% loan-to-value book, not a leverage book.
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Card volume hit $1.076bn in August while stablecoin supply slid 3.6 percent from its May peak to about $304bn. The decoupling is real, but at these magnitudes the two series barely touch, so ticket size is the better tell.
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A single-node SETNX lock breaks the moment a replica gets promoted. Redlock closes that hole with five independent Redis masters, and the invoice arrives before the correctness does.
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Tether Gold took $237M of the 30-day inflow at a $2.48B cap. XAUT and Paxos Gold together hold 93-97% of the category, and that concentration is the thing to underwrite.
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Invest · August 16, 2026 · Confirmed4 publishers