New York blockchain startup Paxos announced the launch tied to the U.S. dollar stablemen Paxos Standard, created on the basis of Ethereum and approved by the Department of financial services of the state of new York (NYDFS). The advantage of this scriptactive its creators call to secure the funds in the company Paxos Trust that as a regulated custodian works under the supervision of the Commission on securities and exchange Commission (SEC).
Thrilled to announce that today we launched Paxos Standard token (PAX), the world’s first token issued directly by a regulated Trust company. PAX is fully collateralized 1:1 with the USD in reserve bank accounts. Find out more here! https://t.co/aaYQThF4oW pic.twitter.com/d7wKxBM8Os
— Paxos (@PaxosGlobal) September 10, 2018
Users who completed our verification process, you can buy tokens Paxos Standard on the website of the company at the rate of 1:1 to the us dollar. The company intends to reserve dollars in the amount of purchased tokens and burn Paxos Standard for reverse exchange. On the exchanges the token will appear under the symbol PAX, and at the moment display in funds already customers of the exchange itBit.
We will remind that belonging to the brothers the Winklevoss Gemini Trust company has also launched its own stablon secured in US dollars – Dollar Gemini (GUSD).
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