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Stablecoin Issuer Paxos Is Awarded Full Approval in Singapore, DBS to Provide Banking Services, Custody

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In a Monday assertion, the issuer, whose merchandise embrace PayPal USD (PYUSD) in addition to its personal Pax Greenback (USDP), additionally mentioned DBS, the state’s largest financial institution, might be its main banking accomplice for money administration and the custody of its stablecoin reserves.

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