August 17 11:33 PM
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185.6M PAX

About Paxos Standard Token

The Paxos Standard Token is a stablecoin running on Ethereum that attempts to maintain a value of US$1.00. The supply of PAX is collateralized by US dollars held in US banks.

Top Stories

The potential to buy a slice of pizza with stablecoins may be the gateway for mass adoption of cryptocurrencies, and some stablecoin issuers, including Coinbase, Paxos, and Terra, are pivoting in that direction and have seen some early success.  The post Payments is replacing trading as stablecoins’ major use case, and companies like Coinbase want to ride the trend appeared first on The Block.

The Block

Aug 2

Legal strife around Tether and continual regulatory skepticism surrounding Facebook’s Libra project might have chilled the stablecoin market, however, the competition in this space is still heating up.  The post Huobi backs new stablecoin under Paxos custody, eyeing regulated stablecoin market opening left by Tether appeared first on The Block.

The Block

Jul 17

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