Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

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MANTRA (OM): Understanding its wild ride and road to recovery

Bybit Learn

Stablecoin

Formerly known as the Paxos Standard Token (PAX), the Pax Dollar (USDP) is a stablecoin backed by the U.S. dollar. Find out more about it in this article.

 technology is revolutionizing the digital world and contributing to groundbreaking innovations in the crypto space, including the emergence of 

 ecosystem, Pax Dollar is one of a few fully regulated stablecoins designed to limit volatility and provide peace of mind to crypto investors looking for stable returns and consistent long-term growth. 

In this post, we shed light on the Pax Dollar stablecoin (USDP), the popular 

 token (PAXG) and the world’s leading compliance and regulation standards for each.

 is a blockchain ecosystem hosting a variety of fully regulated cryptocurrency products for individual traders, and institutional and enterprise customers seeking safer, less-volatile exposure to crypto markets.

As one of the only fully regulated blockchain ecosystems, Paxos is an umbrella platform hosting both the Pax Dollar stablecoin and the Pax Gold token. This crypto project offers full transparency and security surrounding the assets that back its USDP stablecoin, and Paxos aims to provide a seamless global payments system that serves to minimize the risks associated with market exposure.

The Paxos team envisions a progressive future in which blockchain technology isn’t just a driving force behind a financial revolution but a key element of its evolution. Paxos strives to eliminate the problems and improve the performance of the economic ecosystem by creating a fluid, frictionless global exchange system for both digital and real-world assets through the ubiquitous use of its stablecoin — Pax Dollar.

Formerly known as iBit, Paxos Trust Company, LLC, was founded in 2012 by Cedar Hill Capital Partners co-founder 

. With an impressive board including former U.S. Senator and Senate Finance Committee member 

, Paxos entered the U.S. market and launched its USDP stablecoin in May 2015 after receiving licensure from the New York State Department of Financial Services.

The name “Paxos” was chosen based on the legislative consensus system widely used on the Greek island of Paxos. Despite its antiquity, this system served as inspiration for the Paxos founders, who used the notion of computational consistency to develop the Pax stablecoin token, later known as Pax Dollar or USDP.

Backed by the U.S. dollar in accounts held at U.S. depository institutions, Pax Dollar was launched in September 2018, and later rebranded as the USDP stablecoin in August 2021. The PAX Gold token, which is tied to the value of gold rather than the U.S. dollar, was launched shortly thereafter to tokenize gold and provide customers with fractional ownership of the precious metal.

Today, some of Paxos’ partners include major companies and organizations from across the globe, such as 

In 2018, three years after securing a trust charter for digital assets from the 

, Paxos developed and launched Pax Dollar (USDP). Unlike other cryptocurrencies, Pax Dollar is fully regulated and backed 100 percent by cash reserves to give investors exposure to crypto without the volatility that typically comes with it.

The PAX Gold token was launched one year after Pax Dollar (September 2019). With full approval from the New York State Department of Financial Services, it became the first crypto asset redeemable for physical gold. By tokenizing the precious metal on the blockchain, PAX Gold has made it extremely easy for anyone to invest in actual gold, trade gold with minimal settlement risk and exchange PAXG tokens for both gold and fiat currency.

In 2021, Paxos rebranded the formerly known Paxos Standard Token (PAX) to Pax Dollar (USDP). Pax Dollar remains a borderless stablecoin developed for multiple use cases, such as commerce, trading, peer-to-peer transfer, and holding as an investment and store of wealth.

Since 2021, using blockchain technology and issued as ERC-20 tokens developed on the Ethereum network, the industry-leading Pax Dollar tokens are produced by Paxos to help mitigate crypto volatility, hedge inflation, eliminate cross-border transaction fees and issue payment for blockchain-based assets.

While several other stablecoins have come under fire for lack of transparency regarding the assets backing them, Pax Dollar remains one of the most regulated and recognized stablecoins in the entire crypto industry.

Pax Dollar (USDP) is designed to allow anyone, anywhere to send and receive U.S. dollar-based assets with substantially greater availability and flexibility than traditional financial-sector instruments. Additionally, the fees assessed for using Paxos to buy, sell and trade USDP are far less.

With Pax Dollar, you can seamlessly transfer assets across borders almost instantly and with absolutely zero discriminatory requirements. In other words, through the use of blockchain technology, Paxos is helping people break free from the shackles of financial bondage by offering a stable, decentralized value asset with minimal risk.

To exchange USD for Pax Dollars (USDP), whether for transactional or investment purposes, you need to deposit USD into a Paxos account. Then Paxos will use their 

 to generate USDP equivalent to your deposit amount. In turn, the minted USDP will be transferred and held in your account.

The process of exchanging USDP for USD is just as simple; in fact, it’s the same. However, after converting USDP to USD, the PAX coins are instantly burned and removed from circulation.

The minimum conversion amount is 100 USD, and unlike many other crypto platforms, Paxos doesn’t charge a fee for USDP conversion and redemption. All USDP stablecoin cash equivalents and reserves are stored safely in regulated accounts and are redeemable 1:1 for U.S. dollars anytime. 

Pax Dollar offers crypto traders and investors several key features designed to mitigate risk and maximize stability.

Since Paxos is a regulated trust, Pax Dollar is inherently more secure than most other cryptocurrencies and stablecoins on the market today. With legal permission to transfer assets with blockchain technology, additional transaction monitoring and using surveillance partners for another layer of compliance, transactions can be executed quickly and securely with zero risk.

’s Pausable contract module, which helps minimize risk through the use of tested libraries of Ethereum smart contracts. This means the Paxos platform can pause USDP approvals and transfers whenever a security threat is present.

Pax Dollar must operate under the strict regulatory oversight of the New York State Department of Financial Services. Therefore, USDP stablecoin users can be confident their insured crypto assets are in compliance and properly managed according to the “highest standards of consumer protection.”

Cryptocurrency in general will continue to rise in both usage and value as decentralization becomes more and more prominent over time. However, it’s reassuring to know that Pax Dollar is backed by the world’s largest fiat currency, the U.S. dollar.

According to Paxos, Pax Dollar is reviewed monthly by 

, a respected U.S.–based auditing firm. Each month, Withum must ensure that the supply of USDP matches the reserve supply of U.S. dollars that Paxos must hold to keep enjoying its highly regulated stablecoin status.

As already stated, Pax Dollar is backed 1:1 by the U.S. dollar. So, for every Pax Dollar issued, there is $1 held in an account to insure its value. In this regard, it’s similar to the 

 used by the U.S. to back the dollar until 1971.

Along the same lines, as a regulated trust chartered by the New York State Department of Financial Services, Paxos has a legal requirement to keep a cash equivalent of all stablecoin reserves in fully segregated, bankruptcy-remote accounts.

This requirement ensures that USDP stablecoin owners can always redeem their investments in U.S. dollars, or their reserve currency, and have access to their funds. Since Paxos corporate funds are kept separate from the funds of token holders, there’s no need to worry about their solvency — you’ll always be able to access your funds even if the company were to declare bankruptcy.

Aforementioned, Paxos holds its required reserves in cash so customer funds are kept safe and always available for redemption. The accounts are audited monthly by Withum, the respected third-party firm, to ensure everything matches up. With nothing but a smartphone, anyone can purchase or redeem Pax Dollars instantaneously anywhere, anytime. You don’t even need a bank account.

If you prefer stability and security over profit potential, Paxos’ USDP stablecoin is certainly interesting. Equally interesting, however, is the company’s other crypto token — Pax Gold (PAXG).

Similar to USDP, which represents $1, the PAXG token digitally represents one 

 of gold, stored in London’s high-security Brink’s vault. This presents an intriguing possibility for those seeking to own physical gold. Not only does the PAXG token allow you to do exactly that, but it also provides the liquidity of crypto combined with the security and immutability of blockchain technology.

For many, it’s a win-win. As an ERC-20 token built on the rock-solid Ethereum blockchain, you can move or trade PAXG anywhere in the world, or convert and redeem it in fiat currency or physical gold.

Just like USDP, PAXG is audited each month to ensure its token supply matches the gold assets held in its vaults. If that isn’t enough, the gold owned by each token holder is given an individual serial number, allowing you to trace your token back to the actual physical gold backing it.

With today’s uncertain economic conditions, gold’s safe-haven status is more prominent than almost ever before. In other words, Paxos may have struck actual gold with the release of PAXG in February 2021. In little more than a year, the token’s market cap shot up over 400 percent, outshining the market cap growth of the Tether Gold XAUt token by more than 150 percent over the same period of time.

Pax Dollar is specifically designed to have a growing number of use cases. Today, the stablecoin is primarily used to mitigate crypto asset volatility, reduce the friction involved with cross-border transactions and serve as a reliable means of payment for crypto, 

In the not-too-distant future, Paxos expects USDP to be used by consumers for making payments and held as a safe store of value, not just for U.S. token holders but for people around the globe.

As far as USDP’s tokenomics go, Paxos Trust Company, LLC, is the only entity able to alter the supply of Pax Dollars in circulation. There is no limit on the number of tokens the company can generate. That being said, new tokens are issued only when dollars are deposited into Paxos accounts.

When USDP is redeemed for cash from one of the segregated accounts, the tokens are destroyed immediately to ensure price stability and that the number of tokens in circulation matches the number of U.S. dollars held in reserve. This is how its 1:1 price ratio is maintained.

Withum audits Paxos monthly and publishes the reports citing its U.S. dollar reserves and the number of tokens in circulation.

Given the level of trust and credibility Paxos is receiving from traditional institutions such as Bank of America, Credit Suisse, PayPal and Mastercard, it’s safe to say the company’s regulatory approach has been paying off. In fact, as regulators around the world try to decipher cryptocurrencies, Pax Dollar may be the key to crypto’s mainstream adoption.

Currently, Pax Dollar is ranked seventh on the list of stablecoins with the largest market caps. However, its 400-plus percent growth in just over a year suggests it may be moving up the list. All in all, Paxos’ ethos of providing security, honesty and complete transparency in backing up USDP with both AU and USD makes the Pax Dollar stablecoin an increasingly enticing investment vehicle for many individuals.

Pax Dollar provides a safe, stable way for investors with little risk appetite to invest in crypto markets. As a Pax token holder, you can rest easy knowing you can redeem USDP 1:1 for U.S. dollars whenever you like. This backing, along with its charter and compliance with regulatory bodies, makes Pax Dollar a viable hedge against dollar inflation, economic uncertainty and crypto risks.

Pax Dollar (USDP): The World’s Leading Fully Regulated Stablecoin

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