🍿 Paxos include Pax Dollar (#USDP) and Binance USD (#BUSD), a Binance-branded stablecoin offered through a white-label service.

A spokesperson for the NYDFS said the agency could not comment. ongoing investigations.

🧯 #USDP ~10 million USDP (Pax Dollar) was burned in the Paxos Treasury

👀 #USDP Paxos Treasury minted over 128 million Pax Dollars (#USDP) on the Ethereum network.

⚠️⚠️🍿 #USDC -12% #DAI -11% #FRAX -4%, #LUSD -7% #USDP -4% #USDD -7%

📊 Sentiment: #BTC rises because the purchasing power of stablecoins increases:
- Key #BTC price spikes occurred almost exactly when there was a spike in whale transactions by top stables;
- there is currently a slight surge in USDP whale transactions;
- there are some encouraging signs of accumulation from holders of #BUSD and #DAI. However, #TUSD and #USDP are declining (they are also inactive) #USDT and #USDC have been neutral for several weeks.

The scenario where BTC and stablecoin whales dump at the same time is something to watch out for because it implies that big money is fully cashing out the cryptocurrency.

👀 #MKR The MakerDAO community voted for the deletion #USDP (Paxos) worth $500 million of its reserves, which will affect half of the stablecoin supply.

🇲🇽 #USDP Paxos Joins Mercado Libre to Offer Pax Dollar Stablecoin in Mexico

📊 Sharks and whales are aggressively accumulating #DAI and #USDP, increasing purchases.

🐳 Sentiment: Key large wallets nearly doubled their holdings of #USDP (Paxos) in July.

📊💵 #BTC The combined market capitalization of #stablecoins #USDT, #USDC, #BUSD, #DAI, #TUSD and #USDP rose last week, adding purchasing power that helped Bitcoin reach $30K.