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  • Active Cryptocurrencies: 2116 | Active Exchanges: 234 | Total MarketCap $120,383,351,083.57 | BTC Dominance: 52.33% | ETH Dominance: 10.31%

    香港生肖开奖走势图:Precious Metals and Stocks Will Back New Paxos Coin

    Crypto users may see a new Paxos coin this year that will be backed by precious metals like gold and publicly traded stocks, according to Paxos CEO.

    More than a month since news of PayMon, a gold-backed cryptocurrency developed by four Iranian banks, broke out, Paxos created a buzz with its new coin.

    New York-based cryptocurrency company Paxos may be launching another stablecoin just months from now. But the new stablecoin will no longer be backed by dollars like how Paxos Standard (PAX)?is, but by precious metals and publicly traded stocks.

    In an interview on Fortune’s Balancing the Ledger, Paxos CEO Chad Cascarilla talked about his plans of adding other assets to the blockchain. The goal, according to him, is to move these assets and complete transactions with lower fees, less waiting time, and much lower risks.

    Cascarilla said:

    “How you do it with a gold token is how much gold you have in a vault equals how many gold tokens outstanding. How do you do it with stocks? How many stocks do I have sitting in an account, equals how many stocks in the blockchain.”

    Paxos intends to tokenize more assets, including dollars, stocks, precious metals, and others. Tests are complete, which leads Cascarilla to eye 2019 as the target year to launch.

    Without any definite name, the new stablecoin from Paxos will likely use gold, he said.

    Before launching the sister coin to Paxos Standard, however, the company must first get the nod from the US Securities and Exchange Commission. Paxos, despite being the first-ever cryptocurrency company to be licensed in New York, would still have to wait before they can transfer traditional securities to the blockchain.

    The new gold-backed cryptocurrency will join the growing list of stablecoins, including Paxos Standard, Tether, and USD Coin.

    Meanwhile, Korean crypto exchange ProBit listed Digix Gold Token (DGX) earlier this month, while Blucon, a global payment platform, integrated DGX into its payment card in February.

    DGX is a gold-backed token running on the Ethereum network.

    | RELATED:?Binance Chooses Paxos Standard Token (PAX) as Its New Quote Currency

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  • 石柱旅行地中国国家地理网 2019-09-15
  • 发展中国家的市场经济,一般会落入:资本市场、来料加工、吃喝玩乐消费、房地产疯涨,等经济基础不牢的“中等收入陷阱”。 2019-09-13
  • 梁衡.blog的博客—强国博客—人民网 2019-09-13
  • 备受鼓舞!习近平致信祝贺人民日报创刊70周年 ( 今日关注 2019-09-12
  • 统计局发布70城房价数据 丹东环比上涨5.3%居首位 ——凤凰网房产重庆 2019-09-06
  • 视频来了!记者体验渝贵铁路重庆首发列车 2019-09-06
  • 证监会专项执法行动瞄准股市“黑嘴” 2019-08-30
  • 江西人存款1.66万亿元 2019-08-30
  • 女子有才也是德,京城何时有女子学校? 2019-08-24
  • 热波十年,用潮流音乐迎接95、00后热波 音乐节 2019-08-24
  • 有一种税叫“亚裔税” 哈佛大学被控招生政策歧视亚裔学生 2019-08-23
  • 按照相对论,把动能表达为mc^2√(1-v^2c^2)是错误的47 2019-08-22
  • 国台办:今年暑期大陆为台生提供约600个实习名额 2019-08-22
  • 2018安徽秸秆综合利用产业博览会举办 2019-08-20
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