Binance to Introduce Own USD Stablecoin with Paxos

Binance

Binance is the world’s biggest crypto exchange, and it made a massive announcement yesterday. The world of cryptocurrencies has come a long way since the days when there used to be a handful of tokens and investors generally switched from one token to another. However, over the past few years, a wide range of tokens have come into existence, and perhaps the most interesting ones have been the stablecoins.

Key Development

These coins are backed by the United States dollar and are hence far more stable than traditional crypto tokens. Plenty of organizations have come up …

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