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.
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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.
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