Paxos Standard,"Paxos Standard token (PAX) is a fully-regulated and audited stablecoin. Tokens are built using the ERC20 standard, and will be issued 1:1 in exchange for $1 USD. This will be the only crypto asset that is an exact representation of US dollars - providing all users with the confidence of physical dollars matched with the speed and flexibility of a digital asset. Paxos Standard tokens will be fully redeemable to USD through the Paxos platform. Tether,USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency, users can transact and store tethers with any Omni Layer enabled wallet like Ambisafe, Holy Transaction or Omni Wallet.
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