latest update “Deposit PAX with BlockFi + Earn 8.6% APY”

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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This is a marketing email developed as marketing material for the BlockFi brand. Some of our emails may contain marketing links, which means we will receive a commission for purchases made via those links. Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Cryptoassets are deposited into an account with Gemini or BitGo, our primary custodians and licensed depository trusts.

For more information, please see BlockFi’s Terms of Service.

*All USD values are based on the current price available from Gemini

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