YouHodler Announces Paxos Standard (PAX) Payments and Savings Accounts; Earn Interest on Crypto

UPDATE
October 21, 2019
Deposit Paxos Standard (PAX) stablecoin on YouHodler.com and start earning interest up to 12% per annum.

As of today, YouHodler clients can deposit the Paxos Standard (PAX) stablecoin on YouHodler.com, use it for regluar loan payments, and start earning interest up to 12% per annum. Following Tether (USDT), and USD Coin (USDC), and True USD (TUSD),  this is the fourth stablecoin supported on the platform with more to follow in the future. 

‍How to earn interest crypto on PAX; active way to crypto earn

YouHodler has a variety of ways for its clients to profit from their digital assets and upgrade their portfolio from that of a passive hodler, to one of an active hodler. YouHodler’s Savings Accounts are an easy and efficient way to crypto earn with interest. Here’s how to earn interest on PAX in just four steps:

Step 1: Navigate to your “Wallets” page on YouHodler.com

Step 2: Click the “Add funds” button on your PAX wallet 

Step 3: Follow the instructions to deposit PAX into the platform

Step 4: Watch your PAX portfolio grow up to 12% per annum

To see how much interest was earned each day, check the “Earned” section of the Savings Account. At the end of each month, the whole earned amount will be automatically deposited into a Savings Account deposit. Users can “Release” it from the savings account and then withdraw or keep their funds in the account to earn more interest until the next settlement period. 

Earn interest crypto: discover new stablecoin PAX

Paxos, which labels PAX as a “digital dollar” is an ERC20-based stablecoin backed 1:1 by the U.S. dollar and is issued by the Paxos Trust Company. Paxos guarantees that funds are carefully audited, protected and regulated. For each individual PAX holder, Paxos states that funds are held in separate accounts at FDIC-insured U.S. domiciled banks.

Paxos states that PAX is a “piece of our future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 247.” With this vision combined with their extreme attention to detail and regulation, YouHodler thought PAX would make an excellent addition to our list of high-quality stablecoin and cryptocurrency offerings.

We hope to introduce many YouHodler clients to PAX through our savings account that will lead to future exploration of the PAX stablecoin and it’s variety of uses. To learn more about Paxos and to purchase PAX, visit Paxos.com today. 

Start to earn interest in crypto right now!

After launching USDT, BTC, TUSD and USDC savings accounts, we’re thrilled to meet client demand once again with the launch of PAX payment option and savings account. You can earn interest on any of these options right now. 

So go to YouHodler.com, sign up, deposit and enjoy your life as an active hodler who can crypto earn faster. Also, stay tuned for more exciting stablecoin news coming soon!

It's worth trying! Forget selling your crypto with instant loans on YouHodler

If you would like to learn more about crypto backed loans and detailed steps on how to get one on YouHodler, please continue to the application. Start boosting your crypto portfolio now with YouHodler's lend, convert, buy or sell options.

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