Paxos (PAX) is a USD-pegged cryptocurrency, otherwise known as a stablecoin developed by Paxos Trust Company . It is regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets.
Read moreIs Pax crypto safe?
Is PAX Gold safe? Yes . Paxos, the custodian behind PAX Gold, is regulated by the New York State Department of Financial Services (DFS). The currency is also backed by gold that is kept behind the world’s most secure vaults.
Read moreWhat is Pax value?
The current price is $1.00 per PAX .
Read moreIs Pax a good stablecoin?
Is PAX safe? PAX is one of the safest stablecoins available with public monthly asset audits, segregated customer balances, and a legally compliant issuing company.
Read moreIs Pax dollar a good investment?
There are no real disadvantages to Pax Dollar , the only potential disadvantage to buying USDP is that it will hold its value whereas another asset may increase in value over time.
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