Express

Ontology Launches Regulated USD Stablecoins

Xuefei Ju

Summary: According to PR Newswire, enterprise blockchain platform Ontology plans to launch a stablecoin Paxos Standard (PAX). It is the first regulated UDS stablecoin, which enables auditing, asset safety, and is supported by a lot of exchanges. The new token (PAXO) is based on OEP-4 token standard and supports atomic exchange between the main ontology-based blockchain ...

According to PR Newswire, enterprise blockchain platform Ontology plans to launch a stablecoin Paxos Standard (PAX). It is the first regulated UDS stablecoin, which enables auditing, asset safety, and is supported by a lot of exchanges. The new token (PAXO) is based on OEP-4 token standard and supports atomic exchange between the main ontology-based blockchain and other blockchains, with the aim of making it easier for organizations and individuals to conduct business in fiat terms within the ontology ecosystem. All PAX dollar reserves are held in separate accounts with FDIC-registered FDIC-insured Banks.

Last Update:

Tags: ,,
Link: Ontology Launches Regulated USD Stablecoins   [Copy]
Next:

Related Articles

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 10 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 14 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 29 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.