Binance launches Stablecoin with PAXOS Standard

Binances has launched their own stablecoin in conjunction with PAXOS Standard. The coin has gained the blessings of NY regulators(not an easy feat) and should launch on Binance USA whenever it comes out. This should unlock more financial services with Binance and help the exchange expand in the future. It is unsure if this coin with substitute for BNB token on the US version of Binance since BNB token may be looked at as a security.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s