Paxos has issued over $50M of its stablecoin
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In a little over a month, the Paxos Standard stablecoin has been listed on over six major cryptocurrency exchanges. Paxos launched the Paxos Standard in Sep 2018. The Paxos Standard was one of the first stablecoins to be approved and back by the New York Department of Financial Services. This news comes as Tether, the dollar-backed stablecoin, continues to lose its peg to the U.S. dollar. (CoinDesk)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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