Binance of the cryptocurrency exchange began handling the stable coin Paxos Standard Token (PAX) linked with the US dollar.
Currently only PAX deposits are possible, but we plan to start trading with PAX / BNB and PAX / BTC pair in the future.
Paxos Standard Token (PAX) is a stable coin issued by the US block chain company Paxos and has been approved by the New York State Financial Services Authority (NYDFS) on September 10.
In order to increase the transparency of the token, Paxos will verify every month with the issuing PAX and the audit corporation Withum whether the deposit balance of the US dollar is correct.
PAX can be purchased from Paxos’ exclusive page.
Article Source: Binance Will List Paxos Standard Token (PAX) and Opens Deposits
Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/binans-pax/
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