Paxos Launches Automatic Conversions Between Bank Deposits and Stablecoins

Paxos Launches Automatic Conversions Between Bank Deposits and Stablecoins

Paxos announced Tuesday a new feature allowing customers to automatically wire transfer funds from their bank accounts into either Paxos Standard or Binance USD stablecoins. Conversely, any PAX or BUSD sent to the designated address will be automatically wired back to the individual’s bank account in USD.