So what is PAX that blockfi mentioned? is this the one? “Paxos Standard Token (PAX) is a cryptocurrency developed by Paxos Trust Company, LLC. PAX is a so-called “stablecoin” – a cryptocurrency the price of which is linked to some type of an asset that has a robust value and is widely established as a mean of payment.”
On Friday, March 20, 2020, 12:00:22 PM EDT, BlockFi Product Updates <[email protected]> wrote:
We’re thrilled to announce that you can now trade and earn interest on Paxos Standard (PAX) with your BlockFi Interest Account (BIA). PAX is the third stablecoin that we’ve added support for in the platform. The platform also supports Gemini Dollar (GUSD) and USD Coin (USDC).
This announcement about PAX directly follows our recent blog post regarding our operations during this period of increased market volatility and our decision to raise Bitcoin and Ether interest rates (effective April 1, 2020).
For questions, you can contact us at [email protected] or 646-779-9688
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