Ontology (ONT) to Carry Paxos (PAX) Stablecoin on its Network By Cryptovest

Ontology (ONT) to Carry Paxos (PAX) Stablecoin on its Network

Cryptocurrency Apr 29, 2019 07:42AM ET

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Ontology (ONT) to Carry Paxos (PAX) Stablecoin on its Network

Paxos Standard (PAX) stablecoin is evolving, having announced that the asset will also exist on the Ontology (ONT) network (apart from Ethereum). PAX is among the few newly added stablecoins that are fully legalized in the USA, and are backed by fiat in a bank.

In the past week, PAX increased in popularity as a hedge against risks of Tether (USDT). PAX increased its supply in the past day, with 10 million new tokens, rising to 145 million PAX in total.

Both Ontology and Paxos launched their main products last summer, quickly evolving to become important parts of the new digital asset ecosystem.

Rich Teo, Co-Founder and CEO of Asia for Paxos, said: “We are pleased to announce that the Ontology Foundation has chosen PAX as the stablecoin to launc...

This article appeared first on Cryptovest

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Ontology (ONT) to Carry Paxos (PAX) Stablecoin on its Network

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