Stablecoins
January 28, 2020, 4:40PM EST
• 2 min read

A deep dive into the Paxos stablecoin ecosystem

Steven Zheng

Quick Take

  • 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.

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