A new U.S.-dollar collateralized stablecoin has been given the thumbs up by crypto’s toughest regulatory regime.
The New York Department of Financial Services, creators of the controversial BitLicense regulatory framework, greenlighted the Paxos Standard coin on Monday and will regulate the asset.
PAXOS deserves not only the thumbs up by crypto’s toughest regulatory regime but the more of it since PAX can be used like digital dollars while not being susceptible to the extreme volatility seen with other coins.
If I invest in paxos do you think I will get profit from it? Because it's a stable coin right and there's no up's and down's from it so it means it doesn't make any sense if you hold a lot of it.
paxos is not an investment tho, but you can use paxos to buy coins that you think will help you gain profit. Yeah, $1 = 1PAX. It's actually to that they are getting popular right now, if you follow the project lately
No profit earnings at all. For me Stablecoins are useless when you want to gain profit. Better Altcoins.