Paxos Standard: Why the Stablecoin You’ve Never Heard of Just Might Take Down Tether

Paxos Standard: Why the Stablecoin You’ve Never Heard of Just Might Take Down Tether


Several months ago, crypto exchange Gemini made waves when it announced that, with permission from the New York Department of Financial Services (NYDFS), it had created a USD-pegged cryptocurrency “stablecoin” that would provider traders and institutions with a “regulated” alternative to tether (USDT), which was frequently the subject of controversy despite having a multi-billion dollar

The post Paxos Standard: Why the Stablecoin You’ve Never Heard of Just Might Take Down Tether appeared first on CCN

Posted by Josiah Wilmoth on December 2, 2018 @ https://www.ccn.com/paxos-standard-why-the-stablecoin-youve-never-heard-of-just-might-take-down-tether/

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