Ontology to Launch Regulated USD-Backed Stablecoin PAX on its Blockchain

[Abiodun]

Stablecoin issuer Paxos don partner with Ontology to issue up to 100 million of them PAX tokens,wey go pegged 1:1 to  U.S. dollar, on top the Ontology blockchain.wey them Announced on Friday, the launch dey  scheduled for May and the new token (PAXO) go be based on Ontology’s OEP-4 token standard, wey  go enable atomic swaps between them Ontology-based main blockchain and other blockchains. This feature reportedly aims to dey make e easy for them  institutions and individuals wey dey use Ontology’s ONT token to transact for paper-pegged tokens. Andy Ji, Ontology co-founder talk am: