Review on Paxos Standard by Jeff Shaw
high quality stable coin project
The Paxos standard stable coin has developed into one of the most widely used stable coin because of its stability to the dollar peg, liquidity, and acceptance at most of the large exchanges. Although the collateral is custodial creating some counterparty risk, the funds are audited and regulated though the Paxos Trust Company. Paxos is gaining ground on Tether as a stable coin solution with higher transparency and less counterparty risk.
Pros
- Liquidity
- Trading volume
- stability to dollar peg
- Transaction volume
Cons
- custodial creating counterparty risk
