PAX Stablecoin Crosses $5B In Trading

PAX Stablecoin Crosses $5B In Trading

Paxos Standard (PAX), a new stablecoin touches $5B mark just in three months. It is similar to Tether (USDT) as its value is pegged to US Dollar (USD), that is its exchange rate is matched to the value of USD. Currently, PAX a has about 10% of the USDT market cap. It ensures dollars from an FDIC-insured bank.

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