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Coinbase Removes USD Coin (USDC)”Backed By Dollar” Statement

[Aug 12 4:00 PM] Tether (USDT) now has an advantage over USD Coin (USDC). As a result, Circle’s dollar-pegged stablecoin, USDC, lost one of its largest leveraging stances to its main competitor, USDT. Coinbase, one of the prominent players in crypto exchange, has…

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…