What is Paxos good for?

Paxos is a company that has gained significant traction in the cryptocurrency and finance world. But what exactly is Paxos good for? Could it be the secure and reliable platform they offer for digital asset custody and settlement? Or is it the diverse range of services they provide, such as their stablecoins and institutional-grade crypto products? Perhaps it's the innovative technology they've developed to enable seamless and efficient transactions. As a professional in the field, I'm curious to know more about what sets Paxos apart and how it's making a real impact in the industry. So, what is Paxos good for, and why should I consider using their services?