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.
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.