Tag Archives: paxos trust company

Major crypto exchange Binance has announced a new Binance USD (BUSD) conversion function on its platform. Beginning immediately, users can now instantly convert a select number of stablecoins into the BUSD.Binance BUSD ConversionAccording to the announcement, the supported stablecoins for the new feature include Paxos Standard (PAX), USD Coin (USDC), TrueUSD (TUSD) and Tether’s USDT. For the first three, the announcement states that conversion to BUSD will be settled at 1:1. Binance will...

Brooklyn Nets guard Spencer Dinwiddie is said to finally be issuing shares tied to his contract beginning January 13 through his DREAM platform. Just to remind y’all, in September last year NBA blocked this idea. The organization then claimed that Dinwiddie’s plan to bond one part of his contract earnings for a security token offering is against the league’s collective bargaining agreement.NBA wrote:“The described arrangement is prohibited by the C.B.A., which provides that ‘no player shall...

The guys at Binance have decided to make things work this time. Their partnership with Paxos Trust is finally going to pay off due to the launch of the token BUSD which is now expected to be listed on the Binance platform next week, as the official press release reads.This was announced today by the Chief Financial Officer of Binance Wei Zhou and the Co-founder and CEO Asia of Paxos Trust Company Richard Teo at the Invest Asia event in Singapore. Wei Zhou excited at the news said:“Launching a...

Binance, the global  cryptocurrency exchange and blockchain ecosystem, today announced the launch date of BUSD, a fully compliant USD-denominated stablecoin, as the week of September 16, 2019; and will add BUSD trading pairs on the same day. The launch date and new listing was jointly announced by Binance CFO Wei Zhou and Richmond Teo, Co-Founder and CEO Asia of Paxos Trust Company at Invest: Asia in Singapore, providing more stablecoin trading options for Binance users.Wei Zhou, Chief...