Blockchain.com wallet the latest to add Paxos (PAX) stablecoin
Blockchain.com, a bitcoin and cryptocurrency wallet provider, announced today it has now added support for Paxos (PAX) stablecoin. The USD based stablecoin will be listed in the Blockchain Wallet as USD PAX.
PAX is pegged 1:1 to USD, helps holders of crypto eliminate price volatility, providing users an easy way to store value.
Powered by Paxos Standard, PAX is one the most actively traded stablecoins and among the first to be regulated by the New York State Department of Financial Services.
With the recent news of Tether, PAX has been getting listed on more wallets, networks, and exchanges, including Kyber Network and Ontology this past week.
Paxos Trust Company has engaged Withum, a top-ranking auditing firm, to independently verify at specific points in time that the entire supply of Paxos Standard tokens is consistent with USD in reserve accounts at U.S. banks held and managed by Paxos.
http://bit.ly/2FUbkJa May 1, 2019 at 08:29AM @BruceDayne, @CryptoNinjas