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on June 06 at 04:14 PM Edited

https://blog.blockchain.com/2019/05/24/what-is-the-paxos-standard-a-primer-on-our-wallets-newest-cryptoasset/

1 USD PAX = 1 USD ALWAYS! The cryptocurrency is backed by US Dollars on deposit at FDIC-insured banks in New York State. Anyone who has ever lived in NY knows how strict their banking laws and regulations are.

What is Paxos Standard? A Primer On Our Latest Cryptoasset
USD PAX, powered by Paxos Standard, eliminates price volatility and gives users around the world an entirely new way to send value, manage...