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Paxos Standard Presents Assets Backing Its Stablecoins

[Jul 23 8:30 AM] Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos…

Centre to Expand USDC to Ten More Blockchains; Launches on Tron

[Jul 1 4:30 PM] Centre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other environments and could make it more popular as a commercial and staking…

Coinbase Launches High Yield USDC Accounts With 4% APY

[Jun 30 5:30 AM] Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin…