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TheBlock
2020-01-28 21:40:44

A deep dive into the Paxos stablecoin ecosystem

Quick TakePaxos launched the Paxos Standard (PAX) stablecoin in 2018PAX has become a fast follower to the market leader of 2018 stablecoin cohort, USDCOne interesting strategy Paxos has deployed is white-labeling its stablecoin solutions to launch stablecoins with exchanges like Binance and HuobiThese partnerships have significantly boosted trading volumes and issuance in Paxos’ stablecoin ecosystem.