Western Union has applied for the "WUUSD" trademark with the United States Patent and Trademark Office, covering services such as Crypto Assets Wallet, trading, and payment processing. The application has an unclear distinction from its planned stablecoin USDP, and it suggests that a broader range of encryption services will be offered.

BlockBeats news, on October 10th, according to PeckShieldAlert monitoring, the victim address 0x0cdC...E955 lost approximately 21 million USD worth of cryptocurrency assets on Hyperliquid due to Private Key leakage. The Hacker has transferred the stolen funds cross-chain to Ethereum, including 17.75 million DAI and 3.11 million MSYRUP-USDP.

Odaily News According to GMGN data, the stablecoin narrative Memecoin USDP reached a market capitalization of 150 million USD today before quickly crashing, now down to about 30 million USD. The sniper and largest holder: 2QPFb2…QMZcPd spent only $301.57 to purchase 6.71% of the total supply, with unrealized gains at one point exceeding 9 million USD, now retracing to about 2 million USD. It is worth noting that the USDP bundling ratio is 6.7%, with over 999 bundling transactions.

Stripe has launched a B2B payment feature based on Stable Coin, allowing users to create and send invoices that can be paid with Stable Coin on the platform. This feature aims to address the user's need for improved B2B payment experience. Previously, Stripe had launched the "Pay with Crypto" feature in the United States, supporting Stable Coins such as USDC and USDP.

Infrastructure platform Paxos announces the launch of the Stable Coin payment platform on the Block chain, which supports instant conversion between USD and PYUSD, USDP and USDC when making, spending, and refunding payments with various Stable Coins, making it easier for merchants to accept Stable Coin payments. Users can choose to convert to fiat coinSettlement immediately or directly pay with the Stable Coin balance, and merchants can also issue refunds by converting fiat coin to the originally used Stable Coin. This solution supports PYUSD, USDP, and USDC.

Gold Finance reported that Paxos officially released the April Pax Dollar (USDP) transparency report, which disclosed the unaudited financial data of USDP as of 05:00 Beijing time on May 1, mainly including: 1. The total amount of outstanding Token (Total Tokens Outstanding) is approximately US$148,503,536; 2. The current market value of the total protocol of the U.S. Treasury collateralized reverse repo Collateral is $34,223,040, and the notional position value is $33,552,000; 3. $110,503,693 in cash deposits through the FDIC deposit network and approximately $5,049,428 in other cash deposits with depositary institutions; 4. Collateral provided for total net assets has a current market value of $149,776,161 and a notional position value of $149,105,121. According to Paxos, a Treasury reverse repo protocol is a contractual arrangement between two parties in which one party agrees to sell securities to the other party at a specified price and commits to buy back the securities at a later date at another, often higher, specified price. If a counterparty defaults, Paxos is able to liquidate US Treasury Collateral to cover losses, and since all transactions are over-collateralized, the risk of loss is not considered significant.

Odaily Planet Daily News Payment giant Visa and enterprise Blockchain data provider Allium tracked Tether's USDT, Circle's USDC, Paxos' USDP and PayPal's PYUSD, and the results showed that more than 90% of stablecoin transactions took place without human involvement, and these transactions were "inorganic trading activities." （Decrypt）

Odaily Paxos released the Pax Dollar (USDP) February Transparency Report, which disclosed the unaudited financial data of USDP as of 06:00 Beijing time on March 1, mainly including: 1. Total Tokens Outstanding: Approximately $203,051,111; 2. The current market value of the collateral provided by the total amount of the U.S. Treasury collateralized reverse repurchase agreement is $36,445,732 and the notional position is worth $35,731,000; 3. $160,764,519 in cash deposits through the FDIC deposit network and approximately $160,764,519 in other cash deposits with depositary institutions; 4. The current market value of the collateral provided for total net assets is $205,455,605 and the notional position value is $204,739,757.

PANews reported on January 18 that Paxos, a leading regulated blockchain and token infrastructure platform, announced the expansion of its Stable Coin issuance business to the Solana Blockchain platform, and Paxos plans to make USDP on Solana available to the public on January 17, 2024. Previously, Paxos' Stable Coin business was limited to Ethereum.