Estonia, 30-June-2020: C2USD, a new stablecoin based on the ERC-20 blockchain has been added as an option for trading on PCEX. The internationally renowned exchange PCEX has been on the move to expand its crypto and digital assets offerings to its users globally. The move to add another stablecoin to its list is to offer a more stabilized Cryptocurrency to its users.
In accordance with PCEX’s new Business Model, all its partner trading members like PCEX Member in India will have C2USD as an option for Buying, Selling & Trading. C2USD stablecoin is launched by Panaesha Capital Pte. Ltd., a Singapore based fintech firm that is leading the adoption of blockchain in the financial world.
“PCEX has developed a unique B2B Model that enables traders, investors & businesses to start their own crypto trading business. But we want them to have more options to attract customers. So, we are adding more coins & tokens to the exchange starting with C2USD.”- Sandeep Phoghat, CEO & Founder PCEX
“We believe that cryptocurrencies are here to stay and we wanted to create something that tackles the volatility of the crypto market. What better than Stablecoin to do that, so C2USD was born.”- Chavi Ahuja, CEO & Founder Panaesha Capital Pte. Ltd.
Crypto to USD or C2USD Stablecoin will be exclusively available for trading on PCEX Exchange and its partner trading platforms. The stablecoin is backed by 1:1 to the USD Dollar, creating a reserve of $1 for each stablecoin purchased that ensures more stability in price.
PCEX is a global Cryptocurrency exchange that is registered in Estonia. The exchange was launched in 2017 as a crypto trading platform for users around the world to Buy, Sell & Trade Cryptocurrency. Recently, it has expanded the opportunity to interested investors, traders and businesses to start their own crypto trading business as a partner of PCEX.