Starting today, Blockchain.com users will find their USD-Digital tokens renamed to Paxos Standard, unifying our PAX listing across the Wallet and Exchange.
In May 2019, we listed PAX in the Blockchain.com Wallet as our first stablecoin. One of the most actively traded stablecoins and among the first to be regulated by the New York State Department of Financial Services, PAX is pegged 1:1 to the US dollar and designed to minimize price volatility.
This flagship stablecoin paved the way for other Blockchain.com listings including Tether (USDT) and USD Coin (USDC).
Blockchain.com is committed to bringing more low-volatility cryptocurrencies options to market, giving users like you new ways to store value, de-risk in an unpredictable market, hedge against local currency inflation, or settle in a fiat currency outside of traditional banking hours.
Log in to your Wallet now to get started with Paxos Standard.