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Paxos is building a future where all assets—from money to gold to securities— can be digitized and then moved instantaneously.In this second part of our interview with Cascarilla, he explains why the PAX stablecoin is ultimately superior to Tether and gives his thoughts on Facebook’s Libra project and the nature of money.Paxos’ stablecoin the Paxos Standard (PAX) combines US Dollar stability with the efficiency of blockchain technology.
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Boost sales by using AI to create data driven product recommendations ✌️【Job Listing】✌️Invest ₹500 and earn up to 100% returns every month. Start now!While both are stablecoins, there are a number of key significant differences—the most significant being that PAX is regulated while controversy continues to surround Tether’s regulatory status and stablecoin classification.Cascarilla said, “Not only is Paxos regulated as a Trust Company, but our stablecoin is also approved by a regulator.
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Boost sales by using AI to create data driven product recommendations ✌️【Job Listing】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.So that's a huge level of trust that we can create.”According to Cascarilla, Tether made some important moves that showed the value that a tokenized dollar can have in changing the way crypto trading can happen.
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He said, “Tokenized dollars or not, we have to be honest, no one’s using Tether for anything other than crypto-trading.
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PAX can be used in payments, remittance, FX trading, etc., whereas Tether itself is meant for a much narrower target audience.Boost sales by using AI to create data driven product recommendations ✌️【Job Listing】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!