|Paxos Standard Token||Paxos Standard Token website|
|Brief||Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD. PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions.|
|Last updated:||Monday, August 19, 2019 3:58:12PM UTC|
|Current price, USD:||1.000|
|Current price, BTC:||0.0000937|
|Market capitalization, USD:||191 673 524|
|Available supply:||191 646 486 PAX|
|Volume 24 hours, USD:||329 322 570|
General PAX facts, technical details and general information about Paxos Standard Token crypto currency
Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD. PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions.
Paxos is a Trust company, regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets. Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD.
PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions. No fees to convert to PAX, no PAX transaction fees, low conversion minimum ($100 USD), and no redemption fees.
Settle any digital transaction on the Ethereum blockchain with PAX to convert assets back into dollar-equivalent denominations 24/7, even outside of traditional banking hours. You will always be able to redeem PAX for USD within one business day.
The entire supply of PAX is collateralized by USD in dedicated omnibus cash accounts at FDIC-insured U.S. banks. Nationally top-ranking auditing firm Withum performs attestations (using standards established by the AICPA) on these accounts and the PAX tokens on a month-end basis to ensure they are consistent.
Our global team provides customer service 24/7. Get a dedicated account manager with minimum purchase of $100K.
We list daily Paxos Standard Token historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 10||0.999||0.999||1.008||192 278 878|
|Aug 11||0.998||0.998||1.003||198 653 166|
|Aug 12||0.998||0.998||1.003||198 677 731|
|Aug 13||1.000||1||1.005||191 847 246|
|Aug 14||1.002||0.999||1.006||184 931 807|
|Aug 15||1.003||0.987||1.012||180 413 553|
|Aug 16||1.005||0.993||1.007||186 028 364|
|Aug 17||1.001||1||1.004||186 004 855|
|Aug 18||1.002||0.999||1.003||186 028 425|
|Aug 19||1.002||1||1.005||191 673 524|
|PAX price change 24 hours||-0.21%|
|PAX price change 7 days||-0.17%|
What is even the point of trading PAX? It's a stable coin that people hardly even use and it's usually losing value- not gaining. I just don't see a stable coin's point since it still loses people money in the long run. It would make way more sense to just sit in Tether if you were going to pick one.
PAX is still my favorite coin. I've made money just holding it, but it's also really easy to get my money out of crypto. Before the crash in April, I transferred all mhy crypto holdings to PAX, and this saved my portfolio because it actually went up in value. Since everyone was abandoning ship into stable coins, they actually increased over one dollar.
PAXOS is a great Stablecoin. It's a completely regulated and transparent digital dollar. It's audited and regulated by New York's top financial regulators you can't get more legit then that. Tether has nothing on PAXOS, and I don'ï¿½t get how people aren't using this. Why would you ever convert your crypto or dollars into a stablecoin like Tether that isn't audited or backed by anything? This seems like a really dangerous plan and people should really consider where they leave their money. It would be best if people were more responsible and started supporting regulated and honest cryptocurrency projects that would make us all look more legit!
Since it is fully provided with dollars, Paxos Standard offers a flexible, digital alternative to cash, which is available around the clock for instant transaction settlement and is fully redeemed.
We publish the most accurate Paxos Standard Token Forecasts and News including crypto industry experts' opinion on a daily basis