About Paxos Standard Token
The Paxos Standard Token is a stablecoin running on Ethereum that attempts to maintain a value of US$1.00. The supply of PAX is collateralized by US dollars held in US banks.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with Coinbase Inc or any of its affiliates and Coinbase is not responsible for its content. This content and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.