pax

Gold bars. (Federal Reserve Bank of New York, modified by CoinDesk)
Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low
Bitcoin's inverse correlation with PAXG represents the leading cryptocurrency's recent behavior as a risk asset rather than a store of value.
Gold bars. (Federal Reserve Bank of New York, modified by CoinDesk)

Market capitalization of gold-backed crypto tokens (Arcane Research, CoinGecko)
Market Cap of Gold-Backed Cryptos Surpass $1B as Yellow Metal Nears Record High
Stagflation fears appear to have boosted demand for gold and crypto tokens backed by the yellow metal.
Market capitalization of gold-backed crypto tokens (Arcane Research, CoinGecko)

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Paxos Makes Fresh Push for DeFi Market With New Oracle Integration
Paxos’ stablecoin tokens have mainly been playing catch-up since the DeFi spike in 2020.
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Peter Smith, Blockchain CEO
Blockchain Adds PAX Stablecoin to Mobile Wallet
Crypto-wallet powerhouse Blockchain is adding a dollar-pegged stablecoin to attract more users.
Peter Smith, Blockchain CEO

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PAX Streamlines Redemptions in Battle for Stablecoin Market Share
Paxos is doubling down on a traditional approach to crypto custody and enabling instant stablecoin redemptions.
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Paxos
'Up to 100 Million' Paxos Stablecoins to Be Issued on Ontology Blockchain
Ontology is to launch the Paxos Standard stablecoin, a regulated token backed by U.S. dollars, on its blockchain.
Paxos

bp
Crypto Payments Processor BitPay to Support Paxos Stablecoin
BitPay is integrating the Paxos Standard stablecoin into its services, allowing merchants to utilize the token to settle transactions.
bp

Balloons
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.
Balloons

jenga
Stablecoins All Want to Be $1, But They're Not Worth the Same
Buying bitcoin may be cheaper using a stablecoin the market has greater confidence in, like the Gemini dollar, than with an alternative like USDT.
jenga