New PAX stablecoin is available on Binance

24.09.2018

On September 20 it was reported that Binance will list a new stablecoin - Paxos Standard Token (PAX).

Binance opened deposits on Paxos Standard tokens (PAX). The opening of trading in pairs PAX / BNB and PAX / BTC will be known later.

PAX is a new stablecoin, fully secured by the US dollar 1:1, issued by the Paxos Trust Company and regulated by the New York State Department of Financial Services.

Paxos Standard was developed on the Ethereum basis using the ERC-20 protocol, so anyone who has an Ethereum wallet will be able to send and receive Paxos tokens.

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