We’re excited to welcome Paxos (PAX) and USDJ (USDJ) to Poloniex!
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What is Paxos?
Paxos Standard Token (PAX) is an ERC-20 stablecoin issued on the Ethereum blockchain. As a regulated stablecoin collateralized by US Dollars, it allows users to transact between cryptocurrency exchanges, wallets, and decentralized applications with stability. Learn more about Paxos on their website.
What is USDJ?
USDJ is a new USD-pegged cryptocurrency generated through smart contracts on the TRON network. Anyone can pledge TRX as collateral to generate USDJ. Once generated, USDJ will enter into free circulation just like any other asset. Learn more about USDJ in their whitepaper.