What is PAX Stablecoin? Everything You NEED to Know

#Crypto #PAX #blockchain
► Our long form review here: https://www.coinbureau.com/review/paxos-standard-pax/
► DAI Overview: https://www.coinbureau.com/education/what-is-dai-coin/
► Gemini Dollar: https://www.coinbureau.com/education/what-is-gemini-dollar/
► USDC: https://www.coinbureau.com/education/what-is-the-usdc-stablecoin/

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⛓️ 🔗 Helpful Links 🔗 ⛓️

► Paxos: https://www.paxos.com
► PAX User Guide: https://www.paxos.com/user-guide/
► Paxos Standard: https://paxos.com/wp-content/uploads/2019/02/PAX_Whitepaper.pdf

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📱️ Socials 📱

► Official Blog: http://www.medium.com/paxos
► Twitter: https://twitter.com/paxosglobal
► Facebook: https://www.facebook.com/PaxosGlobal/

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📝 Overview 📝

Paxos is a stablecoin fully backed by the US dollar and one that is issued by a NY regulated trust company.

The PAX token is an ERC20 standard token which means that it is built on the Ethereum blockchain. They are redeemable for exactly 1 US dollar per PAX token.

There has been a pretty rapid adoption of PAX by a raft of exchanges post launch. For example, they are listed on 25 cryptocurrency exchanges and have also been adopted by a number of OTC dealers.

They are competing with the likes of Gemini Dollar, the USDC, Tether USDT and TrueUSD. It will be interesting to see whether any of these tokes can really take on the likes of Tether.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Crypto #PAX #PaxosStandard #blockchain #Review #Token #Stablecoin #Crypto