Stablecoin Issuer Paxos Launches Securities Settlement Blockchain Platform

Paxos has been approved by the US Exchange and Bond Commission. The approval took place back in October. Now they have the right to provide a stock settlement service. The first to try the service were Instinet broker and Credit Suisse conglomerate. The latter are the second largest in Switzerland. This solution provides tremendous savings and high efficiency in transactions. The Paxos developers announced the first use of blockchain in reality.

Societe Generale was interested in the new service. The French financial conglomerate assures that the companys capabilities will be used soon. Recently, one of the most popular exchanges, Binance, announced a stablecoin, which was released in conjunction with Paxos. The USD has reached a capital of $ 60 million.