Paxos
Paxos
Paxos - these are cryptocurrencies designed to minimize the price volatility of a stablecoin relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or commodities (such as precious metals or industrial metals). It is said that stablecoins redeemable in currency, commodities or fiat money are supported, while those associated with the algorithm are called seigniorage style (not supported).
Official site: www.paxos.com
Exchange rate now: 1 PAX = 0.9996 USD
