January 28, 2020, 4:40PM EST
• 2 min read
A deep dive into the Paxos stablecoin ecosystem
- 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.