► Our long form review here:
► DAI Overview:
► Gemini Dollar:
► USDC:
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⛓️ 🔗 Helpful Links 🔗 ⛓️
► Paxos:
► PAX User Guide:
► Paxos Standard:
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📱️ Socials 📱
► Official Blog:
► Twitter:
► Facebook:
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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
Source: Coin Bureau
17 Responses
No thank you
Brilliant informative video still years later😀
Not clear why Paxos stable coin is really necessary for rapid settlement of stocks.
The company using this address 3MZPxAW1kMn84XNuVz3Npm5JzkgjMhXxxG is probably scam don't invest there please
pax coin is dead?
Checkout Celsius Network
You've come a long way 😜
Thats Not hodling thats just biying fiat what are you hodling Inflation?
is the ICO over yet for usd digital dollar
How can i use the PAX coins i have?
I sended usd coin from the blockchain to coinbase.. and t ill now i didt got my funds.. can you help me ? .. on the explorer its shows erc20..and pax..
O.o my god this video is from when this channel was still poor
Hi Guy! Woul you be able to make your great overview and compare 2 stable coins – Pax Gold and Tether Gold?
Cheers.
Very important information 1:06
Based on ETH blockchain.
Its explained me why address of PAX same as ETH in my blockhain.com wallet.
Stablecoin, my choice to protect my funds
Content good. Get a better microphone 🎤
Interesting