Paxos Standard Presents Assets Backing Its Stablecoins

By DoingCoin – Crypto Community Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other stablecoins, stating their products we’re […]

The post Paxos Standard Presents Assets Backing Its Stablecoins appeared first on Coins777 Blog.

Leave a Comment