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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.

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