The digital dollars, listed in the Blockchain Wallet as USD PAX, are powered by Paxos Standard, one of the most actively traded stablecoins and among the first to be regulated by the New York State Department of Financial Services. They are pegged 1: 1 to USD, eliminating price volatility and giving users an entirely new way to store value, de-risk in a moving market, manage inflation of their local currency, or settle in a fiat currency outside of traditional banking hours. It was found in 2011, it has 9 years of experience in the cryptocurrency market, having as reference more than 47 million wallets in 140 country and $ 200 billion in transactions.