Paxos Standard Price

On September 10, 2018, the New York Department of Financial Services (NYDFS) simultaneously approved two stablecoins based on Ethereum, Gemini Dollar and Paxos Standard. These two stablecoins are encrypted digital currencies anchored 1:1 with the US dollar. These two digital currencies will be regulated by the U.S. government, and account funds will be audited every month. If there is a problem with the account, the U.S. government can pass law enforcement. means for freezing and other operations.
PAX (Paxos Standard) is the world's first compliant stablecoin, issued by the blockchain startup Paxos. PAX aims to provide liquidity for investors trading crypto assets by providing a "digital alternative to cash" , for instant trade settlement across all asset classes.
PAX is a stable currency backed by 1:1 USD, 1PAX is equal to 1 USD, and all PAX reserves will be 100% collateralized by the fully held USD. Built on Ethereum’s ERC-20 standard, PAX can be sent between any two wallets on the Ethereum network, and verified Paxos customers can buy or redeem PAX on their company website.