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.
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.