What is even the point of trading PAX? It's a stable coin that people hardly even use and it's usually losing value- not gaining. I just don't see a stable coin's point since it still loses people money in the long run. It would make way more sense to just sit in Tether if you were going to pick one.
PAX is still my favorite coin. I've made money just holding it, but it's also really easy to get my money out of crypto. Before the crash in April, I transferred all mhy crypto holdings to PAX, and this saved my portfolio because it actually went up in value. Since everyone was abandoning ship into stable coins, they actually increased over one dollar.
PAXOS is a great Stablecoin. It's a completely regulated and transparent digital dollar. It's audited and regulated by New York's top financial regulators you can't get more legit then that. Tether has nothing on PAXOS, and I don'�t get how people aren't using this. Why would you ever convert your crypto or dollars into a stablecoin like Tether that isn't audited or backed by anything? This seems like a really dangerous plan and people should really consider where they leave their money. It would be best if people were more responsible and started supporting regulated and honest cryptocurrency projects that would make us all look more legit!
Since it is fully provided with dollars, Paxos Standard offers a flexible, digital alternative to cash, which is available around the clock for instant transaction settlement and is fully redeemed.
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Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD. PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions. Paxos is a Trust company, regulated by the New York S...
| Currency | Price, USD | 24h | |
|---|---|---|---|
| 1 | Bitcoin | $8 791.220 | 10.27% |
| 2 | Ethereum | $269.691 | 8.27% |
| 3 | XRP | $0.414 | 8.22% |
| 4 | Bitcoin Cash | $436.697 | 8.9% |
| 5 | Litecoin | $114.908 | 14.05% |
| 6 | EOS | $7.208 | 14.08% |
| 7 | Binance Coin | $34.310 | 1.49% |
| 8 | Tether | $1.007 | 0.48% |
| 9 | Stellar | $0.134 | 7.29% |
| 10 | Cardano | $0.087 | 9.24% |
