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Binance Exchange Is First Client for Paxos' New Dollar Gateway – CoinDesk

The regulated firm is opening up its stablecoin-to-USD swaps facility to third parties, starting with Binance.

Notably, the U.S. Securities and Exchange Commission granted Paxos Trust Company no-action relief in October, allowing it to settle equity securities trades on its blockchain platform for broker-dealers. Credit Suisse and Société Générale would be the first two companies to utilize the service, Paxos announced at the end of last month.

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