What is Pax Dollar?
PAX stablecoin lets users swap Paxos tokens with US dollars. The corporation goals to change the model of money transfers with the USD and make them as quick as blockchain lets them be. Applying the method of baking one-to-one by US Dollar safekeepings PAX token was developed. It’s accessible via Paxos platform. The Paxos corporation is managed by the NY State Department of Financial Services, that’s why they go by fundamentals of high standards. The key point of the PAX philosophy is instant transactions without any middleman.