What is Paxos?
Paxos Standard Token (PAX) is a stablecoin based on Ethereum technology with all the advantages of a blockchain, such as stability and decentralized accounting. The Paxos platform was developed by the Paxos Trust Company as an independent payment system and can be integrated into any other system. PAX is a tool for fast and reliable transactions that is pegged to the US dollar and is highly flexible. The goals of this stablecoin are to minimize the risks associated with investing and simplify financial calculations.
AX is the first stablecoin to be recognized and supported by the New York State Department of Financial Services, whose regulator rarely issues licenses to blockchain projects. After its adoption and approval by the NYDFS, investors’ interest in the token immediately spiked.
You can buy Paxos Standard (PAX coin) on an exchange of your choice and manage it in Guarda Wallet.