Blockchain wallet added to Paxos Standard

The provider of the popular cryptocurrency wallet Blockchain has provided its users with access to the Stablecoin Paxos Standard. PAX tokens are pegged to the US dollar in a 1: 1 ratio and are regulated by the New York State Financial Services Authority.

Pax for crypto pegged 1: 1 to the US dollar. You can now store your digital dollar without leaving your wallet. More here: https://t.co/VnGKkN2KFI pic.twitter.com/2akIgpfbSm

– Blockchain (@blockchain) May 1, 2019

Note that this is the first steyblecoin added to the Blockchain wallet. In order to use the new tool, users need to have a verified account.

The Paxos Standard (PAX) coin was released last September and is currently the Ethereum-standard token ERC-20.

However, at the end of April, the issuer of the stablecoin, Paxos, announced plans to release a token on the Ontology blockchain. Corresponding to the OEP-4 standard, the new version of PAX will have the same ticker.

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