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Paxos Joins Circle and Ripple in Race for National Trust Charter—Stablecoin Wars Heat Up
Paxos Joins Circle and Ripple in Race for National Trust Charter—Stablecoin Wars Heat Up
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Another domino falls in the great stablecoin land grab.
Paxos—the $500M-backed issuer behind BUSD and PAX—just filed for a national trust charter, hot on the heels of rivals Circle and Ripple. Because nothing says 'decentralized future' like racing to cozy up with federal regulators.
Why it matters: Control the rails, control the game.
These charters let issuers operate across state lines without begging 50 different regulators for permission. For Paxos, it's a power move to keep pace with USDC's Circle and XRP's Ripple—both of whom already have their paperwork in.
The punchline? Watch the 'crypto rebels' tripping over themselves to wear the regulatory golden handcuffs. Banks 2.0 arrives right on schedule.
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