Until recently, crypto owners who purchased the assets through fintech apps were somewhat limited in how they could utilize their digital assets.
A year ago, the New York Department of Financial Services (NYDFS) approved the only regulated gold-backed digital asset - PAX Gold. Today, we’re excited to celebrate a year of growth of PAX Gold - along with the announcement that it is now available on Gemini!
One year ago, Paxos partnered with Stable Universal and Huobi to launch a US dollar-backed stablecoin: HUSD. In that time, there have been more than $1.6 billion tokens issued and more than $3 billion worth of transactions processed.
Paxos occupies a unique position in the financial services industry as a regulated financial institution that is also technology focused. As a regulated Trust company that is tech-native, Paxos can…