Review on Paxos Standard by Mehdi hazni
PAX
To review a stable coin, of course, it must be compared with other stable coins. That's why I want to compare Paxos with Tether, the most popular stable coin, which has been the most valuable stable coin in the cryptocurrencies market for many years.
The paxos token is on the ERC20 network, but tether transactions can currently be done from the three networks ERC20, OMNI and TRC20, and transfers from TRC20 are free of charge.
One of the advantages of paxos is that it is regulated by the New York State Department of Financial Services, and oversight by an entity such as NYDFS makes the use of these tokens more reliable.
In general, because pax tokens can be repaid to real usd and there is no charge, pax can be considered a safer option because there is some evidence that usdt is not supported with real usd.
Pros
- Adjusted by NYDFS
- Refundable with real usd (Guaranteed cash deposits)
Cons
- The ERC20 network sometimes deducts relatively large transmission fees from the transmitter.
