What is Paxos Standard (PAX)?
Paxos Standard (PAX) is a popular US Dollar-backed stablecoin. PAX tokens are fully-backed by physical U.S. dollars stored in FDIC-insured banks and are regulated by the New York State Department of Financial Services. They are pegged 1:1 to USD, eliminating price volatility and giving users an entirely new way to send value, manage inflation, mitigate trading risk, and gain exposure to the US dollar.
What can Paxos Standard be used for?
Paxos Standard can be used for peer-to-peer payments like a US Dollar, but PAX can also play a role in trading strategies designed to limit exposure to price volatility in the cryptocurrency market or manage your currency risk..
PAX trading pair on Blockchain Exchange: