Blockchain startup introduced a new Paxos the Paxos stablemen Standard, the cost of which is pegged to the U.S. dollar, said in a press release.
Representatives of the project argue that the new asset received approval and support from the state of new York, and its turnover will be adjusted by the Department of financial services of new York (NYDFS).
It is noteworthy that the Paxos Trust company is a regulated custodian, working under the supervision of the Commission on securities and exchange Commission (SEC). This will allow the project to protect the funds of customers who purchase the Standard Paxos (token ERC-20), in accordance with existing legal norms and standards.
Verified customers can purchase and take the tokens directly on the project website. Tokens, which customers will be exchanged back for dollars will be immediately destroyed.
We already know that stabilin will appear in the listing of the exchange itBit.
We will remind, in may of Paxos has attracted about $65 million from Liberty City Ventures, RRE Ventures, and Jay Jordan.
Earlier it was reported that bitcoin exchange Binance, Polychain Capital, Capital FBG, Hashed, 1kx, Kenetic Capital and Arrington XRP Capital financed the development of stablon Terra. b
He added that at the end of August ForkLog released the first in the Russian-speaking space research on stalking called “Stablecoins from the electronic money on the blockchain to a basket of cryptocurrencies”.