Author: Paxos

This author has written 288 articles
Read more about the article Understanding the Demise of UST and What Makes a Stablecoin Stable

Understanding the Demise of UST and What Makes a Stablecoin Stable

Stablecoins are digital tokens backed by stable assets such as the US dollar, and were originally created for crypto investors to have an easy on- and off- ramp between fiat currencies and crypto. As stablecoin usage and market cap have increased, so has regulatory scrutiny. In particular, the reserve practices (or lack thereof) of various stablecoins have increasingly been in the spotlight - which brings us to the algorithmic stablecoin at the heart of the Terra ecosystem, UST.

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Read more about the article Paxos CEO Charles Cascarilla: Price action doesn’t mean cryptocurrencies’ fundamentals have changed

Paxos CEO Charles Cascarilla: Price action doesn’t mean cryptocurrencies’ fundamentals have changed

Cryptocurrency prices are known to fluctuate - it's a volatile and new asset class. That said, price changes are not indicative of the overall interest or adoption of crypto. On January 19, 2022 Paxos CEO and Co-Founder Charles Cascarilla sat down with CNBC's Squawk on the Street to discuss the market and how investors should consider evaluating its potential.

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Read more about the article Mercado Libre announces investments in Mercado Bitcoin and Paxos, references in cryptocurrencies digital assets management

Mercado Libre announces investments in Mercado Bitcoin and Paxos, references in cryptocurrencies digital assets management

Operation reinforces the company's presence in the crypto universe, boosting its development and adoption in the region. Paxos powers the Mercado Pago cryptocurrency transaction experience for its Brazilian users. MONTEVIDEO,…

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Read more about the article PAX Gold surpasses 125,000 tokens and $240 Million in Market Cap

PAX Gold surpasses 125,000 tokens and $240 Million in Market Cap

It continues to break records and has expanded its leadership position as the largest, most liquid gold-backed digital token. Earlier this month, PAXG surpassed 125,000 tokens and reached a total market capitalization of nearly a quarter-billion dollars. That represents a more than 400% increase in total token supply in only a year’s time.

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