Paxos Standard $PAX

Here are some popular examples of stablecoins:

1. Tether (USDT): The most widely used stablecoin, pegged to the US dollar. It's commonly used for trading and as a store of value.

2. USD Coin (USDC): Another US dollar-backed stablecoin, known for its transparency and regulatory compliance.

3. Binance USD (BUSD): A stablecoin issued by Binance, also pegged to the US dollar, used within the Binance exchange ecosystem.

4. Dai (DAI): A decentralized stablecoin pegged to the US dollar but maintained through smart contracts on the Ethereum blockchain, rather than a central entity.

5. TrueUSD (TUSD): A fully-backed stablecoin by the US dollar, with regular attestations to verify the reserves.

6. Paxos Standard (PAX): Another US dollar-backed stablecoin, regulated and issued by Paxos Trust Company.

7. TerraUSD (UST): A stablecoin from the Terra blockchain, pegged to the US dollar, though its stability has faced challenges in recent years.

These stablecoins maintain their value by being backed by fiat currencies or through algorithmic mechanisms. They play a major role in the crypto ecosystem, especially for traders looking to avoid volatility.