Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to 'transact at the speed of the internet'. It aims to meld the stability of the dollar with blockchain technology.
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This report has been prepared as the product of the Smart Contract Audit request by Paxos. This audit was conducted to discover issues and vulnerabilities in the source code of Paxos’s Smart Contracts.