Understanding PAXOS Standard (PAX) – A Stablecoin by Paxos Trust Company

In the world of cryptocurrencies, stability is often a sought-after quality. That’s where stablecoins come in, offering a digital asset that is pegged to a stable real-world currency. One such stablecoin is PAXOS Standard (PAX) by Paxos Trust Company. But what sets PAX apart from other stablecoins? How does it function, and what benefits does it offer? Let’s find out in detail in the article below.