Stablecoin Purchases Surged Amid Wednesday’s Crypto Market Drop
The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.
PAX
Blockchain Adds PAX Stablecoin to Mobile Wallet
May 31, 2019
Crypto-wallet powerhouse Blockchain is adding a dollar-pegged stablecoin to attract more users.
Paxos is doubling down on a traditional approach to crypto custody and enabling instant stablecoin redemptions.
Paxos’ stablecoin tokens have mainly been playing catch-up since the DeFi spike in 2020.
Ontology is to launch the Paxos Standard stablecoin, a regulated token backed by U.S. dollars, on its blockchain.
BitPay is integrating the Paxos Standard stablecoin into its services, allowing merchants to utilize the token to settle transactions.
