Binance USD

by Binance

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JUST Token

by TRON

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PAX Gold

by Paxos

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Binance USD

by Binance

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JUST Token

by TRON

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PAX Gold

by Paxos

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What problem does this service solve?

Binance USD allows traders to convert US Dollars to a digital version without trading fees.The JUST token acts as a stabilizing and governance tool for a collateralized stablecoin built on the TRON network.PAX Gold is designed to be a digital asset that is more accessible, redeemable, and flexible.

Token Stats

Company Description

Binance USD stablecoin is backed by US Dollars, and is issued in partnership by Binance and Paxos. The coin is approved by the New York State Department of Financial Services (NYDFS), and allows traders to convert US Dollars to a digital version without trading fees.

The JUST token is used as stabilizing mechanism for the JUST network, which is a stablecoin network built on top of the TRON blockchain. TRX token holders can purchase the USDJ stablecoin, which is pegged to the US Dollar through collateralized debt positions. The TRX tokens are held as collateral, and when the user wants to redeem their TRX tokens, they must pay a stability fee using the network's JUST token.

PAX Gold is stablecoin backed by gold. Each PAX Gold token is backed by one troy ounce (t oz) of a 400 oz London Good Delivery gold bar that is stored in a physical vault. PAXG holders own the underlying physical gold that is held in custody by the Paxos Trust Company, which is a regulated financial institution. Paxos specializes in providing custody and infrastructure solutions that enable movement between physical and digital assets.

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