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PAX Dollar Guide: The "Regular Army" of Stablecoins

You may have heard of USDT and USDC, but do you know about PAX?

In simple terms, PAX is a cryptocurrency that carries a dollar label. Issued by the Paxos Trust Company in the United States, 1 PAX is always equal to 1 USD and operates on the Ethereum network.

Why use PAX?

Advantages are very straightforward:

  • Price stable as a dog: always 1 USD, no need to worry about wild fluctuations.
  • Fast and cheap transfers: the speed of blockchain + the stability of fiat currency
  • Regulatory Transparency: Paxos undergoes regular audits, each PAX is backed by USD.
  • Strong security: Regulated at the level of US financial institutions

But there is also a cost

To be honest, PAX is not a completely free cryptocurrency:

  • Zero Privacy: Requires KYC verification, transactions are traceable
  • Centralized reliance: Trust that Paxos will not run away or be shut down.
  • No anonymity: Want to be completely hidden? PAX is not for you.

Core Logic

PAX is the “licensed stablecoin” - sacrificing the freedom of cryptocurrency for the stability and compliance of traditional finance.

Suitable Scenarios: Fund storage, stable trading, risk-averse players.

Unsuitable Scenarios: Users seeking complete decentralization and anonymous transactions.

In simple terms, PAX is the product of a handshake between the crypto world and Wall Street – not quite “crypto”, but safe enough.

USDC-0.03%
USDP0.08%
ETH1.05%
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