Paxos Standard: Why This Stablecoin Might be the One to Dethrone Tether
"While TrueUSD maintains an early-mover advantage, it increasingly appears that the quest to supplant tether is becoming a two-horse race between PAX and USDC, who are rapidly gaining on TUSD and have thus far left GUSD in the dust. USD Coin, unlike Paxos Standard, is backed by the biggest household name in crypto. Coinbase, along with fellow bitcoin unicorn Circle, is a co-issuer of USDC, and both are founding members of the CENTRE consortium, which governs the development of USDC and future stablecoin offerings. Consequently, USDC is listed directly on the Coinbase platform, enabling the firm’s tens of millions of users to easily convert between the token and fiat without having to open any new accounts."