Paxos, a blockchain-oriented company regulated by the New York State Department of Financial Services (DFS), announced on Monday that its recently launched Paxos Standard token, with the ticker PAX, had been listed on more than 20 cryptocurrency exchange and OTC desks in less than a month. Paxos claims that PAX, which is backed by the US dollar, has managed to secure the fastest and widest adoption of a cryptocurrency at the institutional level.

Recently, we reported that crypto exchange operator OKEx was the latest to add PAX. The Hong Kong-based exchange also listed other stablecoins, including Gemini Dollar (GUSD), Circle’s USD Coin (USDC), and TrueUSD (TUSD).

As of today, Paxos’ stablecoin is listed on six of the…

This article appeared first on Cryptovest

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