Binance and Paxos Just Made It Easier to Exchange Stablecoins for Fiat By Cointelegraph



Binance and Paxos Just Made It Easier to Exchange Stablecoins for Fiat

The biggest crypto exchange by volume Binance and digital asset Trust company Paxos have integrated a new fiat deposit gateway on Binance’s flagship trading platform.

According to a press release published on June 26, the gateway will enable traders to exchange fiat currency for the PAX Standard (PAX) stablecoin on the Paxos platform via wire transfer. The amount will then be reflected directly as a PAX-denominated balance in their Binance accounts.

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