Tag: PAX

Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and…

Tether’s general counsel said a full audit is coming in months.

Paxos, a leading stablecoin issuer has released a thorough breakdown of its stablecoin reserves. Paxos Determined to Prove Stablecoin Reserves In a detailed blog post published yesterday, Paxos, the company…

Paxos’s reserves consisted of only cash and U.S. Treasury bills.

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…

Amid the growing demand for regulating the use of stablecoins, Paxos has called out Tether (USDT) and Circle (USDC) for issuing non-regulated stablecoins. Paxos’ General Counsel and Chief Compliance Officer…