Cryptocurrency data aggregator and wallet provider Blockchain.
Info will launch trading of its fifth coin, paxos standard token, on Monday, the company told industry news outlet CoinDesk on May 31.
Paxos is a United States dollar-pegged stablecoin, and its addition will be a first for Blockchain.
Blockchain currently supports four cryptocurrencies: bitcoin, ethereum, bitcoin cash and stellar, having removed its limited bitcoin SV options earlier this month.
Last week, a dedicated blog post confirmed PAX was live for Blockchain.
"Launched in September 2018, Paxos Standard tokens are fully backed by physical U.S. dollars stored in FDIC-insured banks and regulated by the New York State Department of Financial Services," the staff wrote in an apparent explanation of their choice of stablecoin asset.
Info's wallet department and strategy, said that ultimately the company wanted to add fiat currency functionality to the wallet.
"Doing the stablecoin project here with PAX is a really big deal because it's not just that we are adding a new asset, it's adding a true dollar balance into the wallet," he explained.
The comments mark a contrast in ideology between wallet providers, some of which conversely aim to remain free of fiat-based operations.
Last autumn, Samourai even took the step of removing USD balances from its wallet altogether, arguing bitcoin users should learn to transact entirely in cryptocurrency.
Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout for June 3
gepubliceerd op May 31, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.