Paxos Trust Company gained approval from New York regulators to launch the first regulated, gold-backed digital token (PAXG). And later this month, it’ll debut a “stablecoin” pegged to the U.S. dollar (BUSD). BUSD was jointly developed by global cryptocurrency exchange Binance and Paxos and will be available on Paxos’ platform.
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A dozen safe-haven stocks for your retirement portfolio
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