Notice on Bixin supporting two stable coins (TUSD, PAX)

Dear user,

Bixin has added support for TUSD (TrueUSD), PAX (Paxos Standard Token), and has enable various functionalities for TUSD and PAX, including deposit, withdrawal, and escrow transfer. Download and try out for yourself!

These two coins are pegged to the US dollar at a 1:1 ratio. (1 PAX = 1 USD, 1 TUSD = 1 USD)

TrueUSD (TUSD) is a platform intended to denominate currency circulation and real assets. Offering regulation compliant US dollars to the token holders, and each dollar correspond to one TrueUSD. TrueUSD offers reliable trading tools, enabling customers and enterprises to use TrueUSD as a media of exchange. Different from the controversial Tether in terms of auditing, TrueUSD is audited regularly, offering strong legal protection for its holders.

PAX (Paxos Standard) is the first regulation compliant stable coin, issued by the blockchain startup company Paxos. PAX is dedicated to offer a “digital substitute for cash” to provide liquidity for investors of crypto assets, which can be used in the real-time clearance of all asset classes. PAX is a stable coin pegged to the USD at 1:1 ratio. That is, 1 PAX equals 1 USD in market value. PAX issued are 100% backed by its USD reserve.

Bixin Team
April 28, 2019

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