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PAX Worth $50 Mln Emitted Within Month, Investors’ Interest Spikes

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Tue, 16/10/2018 - 11:16
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PAX Worth $50 Mln Emitted Within Month, Investors’ Interest Spikes
Cover image via U.Today
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Paxos platform has officially reported that since it has launched the coin in September, it has issued a $50-mln worth of its US dollar-pegged coins — PAX. On Monday, the company management team tweeted that in just recent several days the startup has emitted over $14 mln worth of PAX in return for deposits in US dollars.

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PAX is known to be a stablecoin that has got regulators’ approval. In particular, the NY Department of Financial Services has okayed it.

Recently, PAX has been listed by such major exchanges as OKEx, Binance, and KuCoin. This was probably the reason for the recent splash of interest towards the stablecoin.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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