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Paxos launched the Paxos Standard (PAX) stablecoin in 2018
PAX has become a fast follower to the market leader of 2018 stablecoin cohort, USDC
One interesting strategy Paxos has deployed is white-labeling its stablecoin solutions to launch stablecoins with exchanges like Binance and Huobi
These partnerships have significantly boosted trading volumes and issuance in Paxos’ stablecoin ecosystem.
Footnotes
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