• 习近平:坚决打好污染防治攻坚战 推动生态文明建设迈上新台阶 2019-04-19
  • 懒人科技的又一巅峰  “动作识别笔”让生活更便捷 2019-04-18
  • 乔进双梅代表:“花间”绣出美丽人生 2019-04-18
  • 陕西洛南:产业融合铺就深山扶贫锦绣路 2019-04-17
  • 歌曲《梨花又开放》将由中马歌手共同演唱 亮点提前看 2019-04-15
  • 敬老院内老太跳楼自杀 法院判敬老院赔偿5万元 2019-04-04
  • 何平会见塔斯社总编辑菲利蒙诺夫 2019-04-04
  • 一语惊坛(5月11日):汶川地震,十年涅槃重生,见证中华民族团结一心有力量! 2019-04-01
  • 重庆要闻--重庆频道--人民网 2019-04-01
  • 西藏反诈骗中心:高考诈骗进入高发期 这些不要信 2019-03-25
  • 网友为家具厂门厂排尘问题提建议 2019-03-24
  • 回复@无名小卒也:我只是针对过去的“计划供应”不能很好的满足人们的需求来谈问题,并未否认计划经济,计划经济在市场经济时代,已经转化为政府职能 2019-03-21
  • 滋补-热门标签-华商生活 2019-03-21
  • 天津各界学习十九大精神--天津频道--人民网 2019-03-18
  • 习近平应约同俄罗斯总统普京通电话 2019-03-16
  • Active Cryptocurrencies: 2116 | Active Exchanges: 234 | Total MarketCap $120,383,351,083.57 | BTC Dominance: 52.33% | ETH Dominance: 10.31%

    好彩1预测: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

    Follow Us On

    Back To Top

    Partnership Proposal Form


  • 习近平:坚决打好污染防治攻坚战 推动生态文明建设迈上新台阶 2019-04-19
  • 懒人科技的又一巅峰  “动作识别笔”让生活更便捷 2019-04-18
  • 乔进双梅代表:“花间”绣出美丽人生 2019-04-18
  • 陕西洛南:产业融合铺就深山扶贫锦绣路 2019-04-17
  • 歌曲《梨花又开放》将由中马歌手共同演唱 亮点提前看 2019-04-15
  • 敬老院内老太跳楼自杀 法院判敬老院赔偿5万元 2019-04-04
  • 何平会见塔斯社总编辑菲利蒙诺夫 2019-04-04
  • 一语惊坛(5月11日):汶川地震,十年涅槃重生,见证中华民族团结一心有力量! 2019-04-01
  • 重庆要闻--重庆频道--人民网 2019-04-01
  • 西藏反诈骗中心:高考诈骗进入高发期 这些不要信 2019-03-25
  • 网友为家具厂门厂排尘问题提建议 2019-03-24
  • 回复@无名小卒也:我只是针对过去的“计划供应”不能很好的满足人们的需求来谈问题,并未否认计划经济,计划经济在市场经济时代,已经转化为政府职能 2019-03-21
  • 滋补-热门标签-华商生活 2019-03-21
  • 天津各界学习十九大精神--天津频道--人民网 2019-03-18
  • 习近平应约同俄罗斯总统普京通电话 2019-03-16