Paxos has issued over $50M of its stablecoin

In a little over a month, the Paxos Standard stablecoin has been listed on over six major cryptocurrency exchanges. Paxos launched the Paxos Standard in Sep 2018. The Paxos Standard was one of the first stablecoins to be approved and back by the New York Department of Financial Services. This news comes as Tether, the dollar-backed stablecoin, continues to lose its peg to the U.S. dollar. (CoinDesk)