Pax Dollar (USDP)
- Category: USD Stable Coin
- Coin Launched: September, 2018
- Resources: White Paper
- Official Website: Pax Dollar
About Pax Dollar
Pax Dollar (USDP) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet.
PAX History / Information / Buying / Staking
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PAX HISTORY
Paxos takes a regulation-first approach to its products and services, always seeking the highest form of oversight and regulatory approvals. The company has pioneered many landmark accomplishments in the crypto and blockchain space:
2012 | Launched the first regulated crypto exchange, itBit
2015 | First company to secure a New York State Department of Financial Services Trust Charter for Digital Assets
2018 | Issued the world’s first regulated stablecoin, PAX (now rebranded as USDP)
2019 | Issued the world’s first regulated gold-backed token, PAX Gold
2019 | First & only company to receive SEC permission to pilot using blockchain technology to settle stock trades
2021 | First crypto-native company to receive preliminary approval for a de novo national Trust Bank charter -
HOW PAX WORKS
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
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BENEFITS OF USING PAX
Some of the benefits of using Pax are:
INSTANT WORLDWIDE TRANSACTIONS
IMMUTABILITY
DECENTRALIZED ACCOUNTING
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CAN YOU STAKE PAX
You can earn money by staking Paxos Standard. Staking is a awesome way to maximize your PAX holdings. Once you have staked your PAX coins you can earn staking rewards and grow them by compounding future rewards. If your crypto use Proof of Stake you can stake it on-chain (by wallets) or off-chain (by exchanges).
- COINS SIMILAR TO PAX
