In a span of two weeks, we have witnessed two major announcements in the stablecoin industry, the launch of Paxos’s gold-backed Ethereum token PAX Gold (PAXG) and the release of Binance’s own stablecoin Binance United States Dollars (BUSD).
Global digital asset firm Paxos announced the release of its PAXG token through a press release some days back, stating that it is the world’s first crypto asset to be fully redeemable in exchange for physical gold.
According to Dorothy Chang, vice president of marketing and communications at Paxos, their deep relationships with industry leaders in the gold industry has enabled them to develop the operational infrastructure to make PAX Gold available and redeemable for physical Gold.
With this development, Paxos has now three different stablecoins in the market, Paxos Standard (PAX), PAX Gold (PAXG) and BUSD which are all fully regulated and has received approval from the New York State Department Financial Services.
Headlines for the world of Cryptocurrencies - September 17, 2019
- CBitPay Enables Merchants To Accept Ethereum
- $100 Million Real Estate Funds Tokenized On Ethereum Blockchain
- An NBA Player Is Turning His Contract Into A Blockchain Tokenized Bond
- 81 Million Mobile App Users Now Have Access To XRP
- Bitcoin Cash Wallet Integrated Into HTC Smartphone.
Headlines for the world of Cryptocurrencies - September 16, 2019
- Coinbase Listing Dash
- Attack On Aramco A Test On Bitcoin’s Safe Haven Status
- Hedera Now Live
- Segwit-Spending Bitcoin Transaction Now Over 50%
- L.A. Mayor’s Office Hosts Blockchain Startup Competition
Headlines for the world of Cryptocurrencies - September 15, 2019
- 277 Chinese Arrested In The Philippines For Running Crypto Scam
- JPMorgan’s Crypto Payment Network Onboards Major German Bank
- Binance Confirms Accidental Attacks On Bitcoin Futures Platform
- New Blockchain Tenancy Platform In Queensland
- Blockchain Driving Change In Africa
are they open for listing cryptocurrencies? im hoping to see maxonrow here anytime soon. https://www.quora.com/What-is-Maxonrow-MXW/answer/Ben-Looi-6
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