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's price is tethered to the United States Dollar in 1 : 1 proportion
Created by: Mark Osterloh
Modified on: Tue, 10 Dec, 2019 at 10:45 AM
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