Binance will adopt the Paxos Standard (PAX) digital token in a drive to diversify its portfolio of stablecoins. The announcement that PAX would be included in pairings with Bitcoin (BTC) arrives soon after Binance announced its policy of listing prices against a basket of stablecoins.

The exact structure of the new stablecoin market to replace the USDT market is unknown. However, the changes are starting with PAX. Binance has pointed out the specific structure of the pairs: PAX will not be the base asset. Instead, the base asset will be BTC and some altcoins.

PAX will trade in the following pairs: BNB/PAX, BTC/PAX, ETH/PAX, XRP/PAX, EOS/PAX and XLM/PAX. Trading will open on…

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