Blockchain.com to list stablecoin, hinting Paxos

21 Jan, 2019
by Arthur Sillers
News
Blockchain.com to list stablecoin, hinting Paxos

Blockchain.com, the worlds leading provider of crypto wallets, has announced that it will list a stablecoin. Though it has declined to specify which, there is reason to believe it is Paxos. Whichever stablecoin is listed will receive a significant boost in adoption and penetration into a very competitive market.

Peter Smith, the CEO of Blockchain.com, spoke to The Block and said not only that his company was looking to list a stablecoin, but in fact is currently ‘obsessed’ with the possibilities that a cryptocurrency pegged to an established value can provide. Smith went on to say that, if adopted, stablecoins could ‘give us the power of giving everyone a U.S. dollar checking account,’ and make crypto a world payment platform.

Stablecoins exploded in 2018, with a large variety replicating the model established by Tether. As of now, a broad number of successful stablecoins are real contenders to being used as the standard. As Smith says, ‘Everyone is competing very hard to get their stablecoin out there and to have distribution.’ For this reason, whichever token Blockchain.com chooses will get a desperately needed boost in recognition and a widespread acceptance.

Read more: Circle releases audit, affirming their stablecoin

Smith seems well aware of how important this choice is, stating ‘I think all major stablecoin projects at the moment believe they need us.’ Its plausible that Blockchain.com is being cautious about their announcement precisely because when they specify who they are backing, it will cause a massive traction in the market towards that coin.

Read more: Binance adds 4 stablecoin trading pairs for WAVES

The Block, for their part, claims there is reason to believe that Blockchain.com might be looking most strongly at Paxos. Blockchain.com has already released a stablecoin report (https://www.blockchain.com/research) which puts Paxos in a good light, and during the interview Smith noted ‘Paxos has the most trading volume and the most liquidity and the biggest outstanding number.’ On the other hand, Smith did also qualify that ‘they don’t have a prime retail partner to carry their brand right now.’

Its certainly much too early to tell what coin Blockchain.com will go with, as the only given timetable is that the partnership will be announced by the end of the year. Still, the announcement shows that stablecoins will likely be a significant issue for crypto in 2019.

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Poll

Is Blockchain.com going to partner with Paxos?

(9 votes)

Add a comment

Please, not Paxos with backdoor. And actually this is just a copy of a normal stablecoin.
21 Jan, 2019 - 23:33
Unfortunately, people do not understand that any cryptocurrency should be transparent and independent. Paxos has a backdoor but who cares?
22 Jan, 2019 - 09:29
yes ..its like when you want to warn all people on earth about paxos. But until you try it in your own, you'll never know what it is...
28 Jan, 2019 - 12:28
no one care because team talk about future and stable paxos...
25 Jan, 2019 - 21:29
yes but we know that paxos has no future only past
07 Feb, 2019 - 18:05
it is very funny to rad such statements. who believes in paxos?
14 Feb, 2019 - 09:57
Is Paxos still alive? I thought it was removed by the backdoor reason...
02 Feb, 2019 - 09:31
Paxos is risky. I do not trust the newly created stablecoins copied from Tether
22 Jan, 2019 - 09:02
crypto is always risk. but paxos is too much..
30 Jan, 2019 - 11:19
only way to become famous for that exchange is use tether , the largest stable coin
22 Jan, 2019 - 18:37
paxos also wants to be famous but no one other wants it :D
29 Jan, 2019 - 22:40
oh really? I heard about tether but didn`t look for it. will surely check
09 Feb, 2019 - 03:06
Some people are so believed advertising that they do not notice a backdoor in Paxos stablecoin. Well every person learns from its own mistakes
22 Jan, 2019 - 21:30
after this partnership they will anderstand what paxos actually is. but the partnership can be canceled.
31 Jan, 2019 - 04:56
PLEASE, list some normal coin, not pax!!!!!
23 Jan, 2019 - 06:43
it is better to list tether instead
28 Jan, 2019 - 00:35
yeah tether can be better solution
08 Feb, 2019 - 07:45
yeah pax is the worst coin among all other
31 Jan, 2019 - 02:54
Don't know a single stablecoin that is worth attention. All of them are centralized and regulated. It kills the whole point of crypto. So nor paxos or gusd or tusd or anything are doing any good to cryptoshpere...
23 Jan, 2019 - 08:32
I do agree, the point is understandable. pity that paxos team not understand....
21 Feb, 2019 - 11:53
Paxos? really?
it has so many troubles in accordance with previous news, it's not a real stablecoin
please
i hope it was a joke
23 Jan, 2019 - 20:57
oh no, they can't
i hoped such shitcoin as paxos will not have possibility to be extend
how much they pay for such listing ?because without money there was not a deal
23 Jan, 2019 - 22:28
Somebody wants to pump Paxos in this way
23 Jan, 2019 - 22:51
definietly paxos is the worst coin for listing
it always was for me amazingly how these shitcoins as paxos are listed ?
who knows what is the secret?
23 Jan, 2019 - 23:10
Who needs paxos after all. It's a new coin that will blow up anyway.
24 Jan, 2019 - 10:01
yea you are right. it is not funny at all, pax is nothing
09 Feb, 2019 - 09:11
I wonder what size of bribe Blockchain.com has received for advertising of paxos?
24 Jan, 2019 - 21:05
i'd not recommend to do that
paxos is not the coin which should be traded at the market
24 Jan, 2019 - 21:12
If they talk about a coin with limitless possibilities, this will definitely not a paxos
24 Jan, 2019 - 22:04
why such coins as paxos attract the attention ?it's even difficult to call the stablecoin but we often see the news about it
paxos will use this hype and say good bye to us so people be careful
24 Jan, 2019 - 22:05
No peculiarity, paxos simply stole the idea of another stablecoin, which was created earlier
24 Jan, 2019 - 22:34
its a common practice to stole everything that belongs to another thing.
Where are we going Paxos?
28 Jan, 2019 - 12:37
Smith noted ‘Paxos has the most trading volume and the most liquidity and the biggest outstanding number.’ It seems to be a poorly hidden advertising
24 Jan, 2019 - 22:55
shouldnt have to list Paxos
25 Jan, 2019 - 20:17
Do you wanna say we should trust stablecoin with a backdoor? Really? Sry but I don't support scamming coin Paxos by reason of backdoor
26 Jan, 2019 - 08:35
sounds like the world has gone mad because every normal platform decided to add such fraud crypto as paxos or circle or trueusd... why do they do such things ?are they crazy? no comments more.....
27 Jan, 2019 - 19:40
It is life, man 😂 I'm not into Paxos as well...
29 Jan, 2019 - 15:56
not very good and perspective news for blockchain.com because paxos is one of the worst and non-transparent stablecoins i've ever seen
27 Jan, 2019 - 21:30
paxos dont deserve to be listed anywhere
28 Jan, 2019 - 05:42
i expected paxos is needless and now i'm really surprised...
31 Jan, 2019 - 20:29
Paxos is like nightmare and I want to sleep well.
01 Feb, 2019 - 13:40
If Blockchain.com get a partnership with Paxos it will get a bad reputation. I don`t want to have some business with a company which has a stablecoin with a backdoor
03 Feb, 2019 - 20:31
Paxos? oh no no noooo! please no!
use another stablecoin but not paxos please!
03 Feb, 2019 - 20:43
there are so many reliable assets like tether however market still has shit coins like PAX that is obviously scam and unreliable project
08 Feb, 2019 - 08:29
I did never try it and hardly will do it. All the users feedback is bad so it is better to choose smth else
17 Feb, 2019 - 08:49
listing PAX is very very risky idea. there are few facts that make me think about this project as scam. one of the most dangerous trading tokens
21 Feb, 2019 - 11:54
very strange news because i was sure that paxos is so terrible and needless
not sure that this info will be confirmed
23 Feb, 2019 - 00:02

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