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Paxos Standard Presents Assets Backing Its Stablecoins

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 not really stablecoins. Paxos Reveals […]…

Continue reading on https://news.bitcoin.com/paxos-standard-presents-assets-backing-its-stablecoins/


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