What is PAXOS STANDARD?

What is PAXOS STANDARD ? | All about PAXOS STANDARD in Short | Crypto Currency PAXOS STANDARD

Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets. A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities.

When was PAXOS STANDARD invented ?

Founded in September of 2018, Paxos Standard is a flat-collateralized stablecoin. The Paxos Standard was created by Charles Cascarilla and Rich Teo.

Importance of PAXOS STANDARD?

The Paxos Standard is a stablecoin that allows any user to exchange U.S. dollars for the Paxos Standard Tokens. Its main goal is to stabilize the dollar with blockchain technology. The Paxos company has a charter from the New York State Department of Financial Services that allows them to offer regulated services within the crypto asset world. The token itself is backed by the USD in accounts that are held by the company at the U.S. depository institutions.

Future of PAXOS STANDARD?

According to the walletinvstor’s forecasts, a long-term increase is expected, the price prognosis for 2024-09-14 is 1.013 US Dollars. With a 5-year investment, the revenue is expected to be around +1.1%. Your current $100 investment may be up to $101.1 in 2026.

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