According to a report by Golden Finance, the New York State Department of Financial Services (NYDFS) has issued a no-objection letter to Paxos, approving its issuance of the PYUSD stablecoin on the Stellar network. PYUSD is expected to be officially launched on the Stellar network within 2025.
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Paxos has been authorized to issue PYUSD on the Stellar network.
According to a report by Golden Finance, the New York State Department of Financial Services (NYDFS) has issued a no-objection letter to Paxos, approving its issuance of the PYUSD stablecoin on the Stellar network. PYUSD is expected to be officially launched on the Stellar network within 2025.