Paxos receives no objection notice from the New York State Department of Financial Services regarding the issuance of PYUSD on Stellar According to Foresight News, according to official Stellar sources, Paxos has received a no objection notice from the New York State Department of Financial Services (NYDFS) allowing it to issue the stablecoin PYUSD on the Stellar blockchain. Stellar stated that this makes PYUSD more likely to land on the Stellar network this year.