Binance Expands Stablecoin Options, Lists PAX as Base Currency

[kreslik.news]

Binance, the world’s largest cryptocurrency exchange by traded value, continues to expand stablcoin options for its clients, this time listing PAX tokens, which is a cryptocurrency pegged to the US Dollar. The Paxos Standard Token (PAX) tokens are both regulated and backed at a token-to-dollar ratio that is appealing to traders that prefer more consistency from their investments.

Binance has added many non-volatile coins to its platform over the past few weeks, most recently supporting Circle’s USDC. Clients can use stablcoins to cash out of digital assets more quickly than if they were to convert to dollars.

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