The union of cryptocurrency and Wall Street is much like a Medieval arranged marriage: A little bit of wealth is at stake but everyone seems miserable and most people involved are in need of a bath. Few are as upset about the whole thing as those who are involved in crypto for ideological reasons—or, at least, those who say they are.
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Paxos and Binance to launch dollar-based stablecoin
Meanwhile, asset-backed PAX Gold hits market Thursday
Paxos Trust, the company behind stablecoin Paxos Standard, announced plans to launch two new asset-backed coins.