Paxos Standard Token (PAX)

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Paxos Standard Token (PAX) is a stablecoin that is pegged to the value of the US dollar. It was created by Paxos Trust Company to provide a digital alternative to traditional fiat currencies. PAX is designed to provide stability, security, and transparency in transactions, making it a popular choice for many cryptocurrency users. It can be used for a variety of purposes, such as buying and selling goods and services, storing value, and as a hedge against market volatility.

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