In what year was pax coin issued?

Released in September 2018, Pax Coin is a stablecoin pegged to the US dollar, issued by Paxos Trust Company, aiming to provide a low-volatility cryptocurrency pegged to fiat currencies.

pax coin issuance year:

2018

Details:

Pax Coin (PAX) is a stablecoin pegged to the US dollar, powered by Paxos Issued by Trust Company. Launched in September 2018, it aims to provide a less volatile cryptocurrency pegged to the value of fiat currencies.

PAX coins are backed 1:1 by U.S. dollar assets, consisting of cash in bank accounts held by Paxos Trust Company and U.S. Treasury securities. The stablecoin is designed to provide a stable base of value for cryptocurrency trading, allowing traders to hold their assets without converting back to fiat currency.

Since its launch, Pax Coin has become a popular stablecoin choice among cryptocurrency exchanges and investors. It is praised for its stable peg to the U.S. dollar, regulatory compliance and low volatility.

In the vast universe of financial markets, PAX Gold (PAXG) has always been a shining star, providing investors with a reliable path to the value of gold. As of 16:00 on July 4, 2024, the price of PAXG was $2,335.23, making it an asset favored by investors.

Over the past 24 hours, PAXG’s trading volume has reached a staggering $29,361,311.82, indicating strong market interest in this gold-linked token. With a price increase of 0.59819753%, PAXG further solidifies its unique position in the cryptocurrency and precious metals space.

PAXG is an ideal choice for those looking to diversify their portfolio and gain market value in gold. Its circulating supply is 185,852.565 PAXG and its circulating market cap is a staggering $434,008,190.79. This liquidity and stability gives investors confidence in PAXG's long-term potential.

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