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

  • Yuri Molchan
    📰 News

    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


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

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.

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.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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