Paxos Standard Token
Paxos Standard Token Overview
Paxos Standard is regulated crypto asset. It is fully collateralized 1:1 by the U.S. dollar, approved and regulated by the NYDFS, and enables instantaneous transactions.
Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD
The company behind the Paxos Standard stablecoin announced that its users can now instantaneously redeem unlimited amounts of its tokens for United States dollars.
PAX Streamlines Redemptions in Battle for Stablecoin Market Share
CEO of the stablecoin issuer Paxos, welcomes the analogy.
Game of Coins: Inside the Paxos-Gemini Stablecoin Discount War
Dollar-backed stablecoins are generally supposed to be worth $1, whether it's Gemini's GUSD or Paxos' PAX. But according to four sources with knowledge of these cryptocurrency exchanges, both stablecoin-issuers privately offered over-the-counter [OTC] trading desks up to a 1 percent discount if traders used these tokens in some fashion before redeeming them for USD. "They were offering that as a sweetener for getting it kick-started with adoption," an OTC trader, who asked to stay anonymous, told CoinDesk.
Bitcoin Exchange Paxful Sees 20% 2018 Growth, Driven by Africa
Regardless of bitcoin's price volatility, 2018 saw an explosion of activity among African users.
PAX Stablecoin Exceeds $5 Billion in Transactions in First 3 Months
U.S. dollar-backed stablecoin Paxos Standard has exceeded $5 billion worth of transaction volumes, according to a press release shared with Cointelegraph Dec. 13.
Crypto Payments Processor BitPay to Support Paxos Stablecoin
Crypto startup Paxos is partnering with payments firm BitPay to allow the latter's merchants to utilize the Paxos Standard stablecoin in settling transactions.