PAX Surpasses $5 Billion In First Quarter Since Release As Stablecoin Market Continues To Thrive

2018-12-14 07:51

It has been recently revealed that PAX stablecoin has managed to exceed $5 million in transaction volumes within the first quarter of its existence. The news has since been shared via news outlet, Cointelegraph, who has managed to gain access to the press release.

PAX stablecoin is an effort of Paxos, dubbed the first blockchain powered Trust with emphasis on building products that smooth settlement processes while reducing the risks tied. As for the coin itself, it is based off of the Ethereum network and is known for its 1 to 1 ratio in relation to the USD. Another facet that could have contributed to the coin’s success is that it abides by regulation – has since gotten the approval from the New York State Department of Financial Services (NYFDS) – and is in association with FDIC-insured US banks.

As for the fine details, today marks PAX’s $5,245,958 of transactions value along with a market cap of $174 million reports Cointelegraph. According to Paxos, their stablecoin sits in second place when it comes to the amount of trading volume attained within a day’s worth of time.

PAX isn’t the only one to have gained such a momentum, as other competitors like the Gemini dollar (GUSD), TrueUSD (TUSD) and USD Coin (USDC) have all witnessed such success since launch as well. This being said, Tether (USDT) still remains at the top of all stablecoins, but as competition gets tight that position can be given to anyone!

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Paxos Standard Token (PAX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.995
Капитализация $0 Rank 99999
Цена в час новости $ 1.0056 (-100%)

pax stablecoin quarter managed release shared outlet

Источник: bitcoinexchangeguide.com

pax stablecoin → Результатов: 44


Stablecoin Tether признаны самыми стабильными токенами

Компания Santiment, занимающаяся аналитикой данных в криптовалютной сфере, провела исследование девяти стейблкоинов, чтобы понять, какие у каждого из них преимущества. Используя стандартный анализ отклонения в Santiment обнаружили, что стейблкоины Tether USDT являются наиболее стабильными токенами за последний год, за которыми следуют USDC, PAX и GUSD.

2018-12-7 10:55


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15


Криптобиржа Huobi добавит поддержку четырех стейблкоинов

Криптовалютная биржа Huobi анонсировала листинг четырёх привязанных к доллару стейблкоинов — Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) и Gemini Dollar (GUSD). Поддержка токенов, по данным представителей платформы, состоится в эту пятницу, 19 октября.

2018-10-16 14:26


Биткоин-биржа Huobi добавила поддержку четырех стейблкоинов

Четвертая по суточному объему торгов криптовалютная биржа Huobi добавила поддержку сразу четырех стейблкоинов: TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) и Paxos Standard Token (PAX). $PAX, $TUSD, $USDC and $GUSD Will Be Listed on Huobi Global.

2018-10-16 13:28


Криптобиржа OKEx провела листинг четырех стейблкоинов

Криптовалютная биржа OKEx добавила поддержку четырех стейблкоинов: TrueUSD (TUSD), Gemini Dollar (GUSD), USD Coin (USDC) и Paxos Standard Token (PAX). We're excited to announce the 4 new listings of OKEx.

2018-10-16 23:02


Биржа OKEx добавила поддержку четырех стейблкоинов

Третья по объемам торгов биткоин-биржа OKEx сообщила в понедельник, 15 октября, о начале поддержке сразу четырех стейблкоинов: TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) и Paxos Standard Token (PAX).

2018-10-15 13:47


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

NEAR may be heading to its 2024 low, despite bullish signs - Why?

While the asset seemed to be trading within a bullish pattern, it faced significant downward pressure too Market participants contributed to this trend by moving NEAR to exchanges Over the pThe post NEAR may be heading to its 2024 low, despite bullish signs - Why? appeared first on AMBCrypto.

TRON holders are 'in profit,' but what next for TRX's price?

At the time of writing, TRX was trading above its 200-SMA, showing a long-term bullish trend Token burns alluded to a deflationary mechanism for the altcoin TRON (TRX) has recently registereThe post TRON holders are 'in profit,' but what next for TRX's price? appeared first on AMBCrypto.

After a 25% price drop, can Kaspa [KAS] crypto rebound to $0.12?

Kaspa’s price dropped by double digits over the last 30 days Several metrics hinted at a trend reversal towards $0.12 The last 30 days were disastrous for Kaspa [KAS] as it shed a substantThe post After a 25% price drop, can Kaspa [KAS] crypto rebound to $0.12? appeared first on AMBCrypto.

A Trump win is good for Ethereum ETFs - Analyst

The Ethereum Fund Market Premium flipped negative, showing weak institutional demand for ETH products  Nate Geraci believes staking for Ethereum ETFs could happen sooner under the Trump adminiThe post A Trump win is good for Ethereum ETFs - Analyst appeared first on AMBCrypto.