Paxos takes aim at Circle and Tether, says 96% of its stablecoin reserves are cash or cash equivalents

By cineramaJuly 21, 2021Binance

In a July 21 blog post , Paxos revealed that its duo of stablecoins, Paxos Standard and Binance USD, are backed by 96% cash or cash equivalents. This contrasts […]

Click here to view full article

Disclaimer

The statements, opinions and data contained on this site are solely those of the individual authors and contributors and not of the publisher of www.bitcoinisle.com. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured primarily from third party sources. We make no warranties of any kind in relation to our content and services, including but not limited to accuracy, security and updatedness. No part of the content and services that we provide constitutes financial advice, legal advice or any other form of advice. Any use or reliance on our content and services is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content and services before relying on or using them. Participating in cryptocurrency activities is a highly risky endeavor, please therefore consult your financial advisor before making any monetary decisions. No content on our Site is meant to be a solicitation or offer.

Paxos takes aim at Circle and Tether, says 96% of its stablecoin reserves are cash or cash equivalents

Tags:

Breaking News…

Previous PostCoinSwap Space announces the option to stake native CSS token and earn rewards in ADA

Next PostBinance Coin Bulls Throw In Mammoth Weight Following $400M Token Burn

Disclaimer