1 Level
53 Review
-31.5 Karma
Review on Paxos Standard by Ana A
STABLE PAXOS
It is a token that has become one of the stablecoin. Created on the most popular Ethereum network on the market, as it was not long ago quickly listed on Binance. In the same way, it is the first digital currency in the industry that is fully regulated by the New York State Department of Financial Services, therefore, tokems tend to be more stable than those that are not backed or converted. Of course the value of each PAX is 1: 1 in relation to the US dollar.
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The stablecoins for weeks and due to the controversies surrounding the Tether have increased greatly and are an important part of the cryptocurrency ecosystem. With them we can protect ourselves from the great volatility that had stood out on this market before the great stagnation that we are suffering. It can currently be purchased at Binance, OkEx, DigiFinex, CoinBene or Bit-Z for example. Ranks 67 on CoinMarketCap with market capitalization
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Pros
- You miss odds of low price in relation to 1: 1
- Stability and security in transactions, that is, being a currency whose value is not so volatile, it will be an excellent investment for new developers.
- It can be used to pay for goods and services in a large number of countries.
- It's one more dollar, only digital
Cons
- It is the same as USB, it has no difference, which makes many developers prefer USDT
- It is not considered a cryptocurrency by miners and trading which has caused it to be ignored.
