In a July 21 blog post, Paxos announced that its duo of stablecoins, Paxos Standard and Binance USD, are backed by 96% cash or cash equivalents. The post Paxos takes aim at Circle and Tether, says 96% of its stablecoin reserves are cash or cash equivalents appeared first on The Block.
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BTC/USD$ 88,375.68 1.72%
ETH/USD$ 3,082.72 3.71%
USDT/USD$ 1.00 0.02%
SOL/USD$ 210.34 2.61%
BNB/USD$ 624.24 0.34%
DOGE/USD$ 0.372435 3.73%
XRP/USD$ 0.821728 17.99%
USDC/USD$ 1.00 0.05%
STETH/USD$ 3,079.63 3.72%
ADA/USD$ 0.593553 4.15%
TRX/USD$ 0.178583 0.46%
SHIB/USD$ 0.000024 5.69%
TON/USD$ 5.29 1.56%
WSTETH/USD$ 3,654.62 3.44%
WBTC/USD$ 88,137.61 1.73%
AVAX/USD$ 31.65 3.20%
SUI/USD$ 3.21 3.91%
WETH/USD$ 3,083.52 3.58%
PEPE/USD$ 0.000021 8.02%
BCH/USD$ 421.16 2.47%
LINK/USD$ 13.10 1.65%
DOT/USD$ 4.84 3.87%
LEO/USD$ 7.46 2.84%
NEAR/USD$ 5.46 7.36%
LTC/USD$ 81.65 8.17%
APT/USD$ 11.38 1.65%
WEETH/USD$ 3,245.55 3.52%
USDS/USD$ 1.00 0.17%
UNI/USD$ 8.18 3.99%
CRO/USD$ 0.155554 0.43%
XLM/USD$ 0.134938 9.60%
ICP/USD$ 8.05 4.20%
TAO/USD$ 506.71 5.21%
WIF/USD$ 3.57 10.99%
ETC/USD$ 22.22 0.30%
DAI/USD$ 1.00 0.08%
KAS/USD$ 0.129376 2.31%
FET/USD$ 1.23 2.79%
WBT/USD$ 22.16 0.75%
USDE/USD$ 1.00 0.02%
POL/USD$ 0.358224 3.17%
XMR/USD$ 149.28 0.07%
STX/USD$ 1.82 4.81%
OKB/USD$ 43.52 0.70%
RENDER/USD$ 6.62 3.23%
HBAR/USD$ 0.065796 10.19%
BONK/USD$ 0.000035 8.90%
FDUSD/USD$ 1.00 0.67%
MNT/USD$ 0.702378 4.07%
AAVE/USD$ 156.54 8.58%