ThunderBreezeHarmony
Tue Oct 22 2024
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6 answers
1239
What is Paxos standard?
Paxos Standard, now known as Pax Dollar (USDP), is a stablecoin based on blockchain technology. It maintains a 1:1 value ratio with the US dollar, runs on Ethereum and BNB smart chains, and is issued and managed by Paxos Trust Company. Each USDP is backed by corresponding USD reserves, ensuring stability and trustworthiness.
