Paxos Standard (PAX)

Paxos Standard Token (PAX) is a cryptocurrency developed by Paxos Trust Company, LLC. PAX is a so-called “stablecoin” - a cryptocurrency the price of which is linked to some type of an asset that has a robust value and is widely established as a mean of payment. These coins’ prices are mostly connected with a price of some fiat currency or precious metal (gold, for example. Paxos Standard Token is not an exception - its price is tethered to the United States Dollar in 1 : 1 proportion.

PAXOS website

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.