|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:||Tuesday, February 25, 2020 4:58:12AM UTC|
|Current price, USD:||1.003|
|Current price, BTC:||0.0001045|
|Market capitalization, USD:||204 513 630|
|Available supply:||203 848 424 PAX|
|Volume 24 hours, USD:||406 114 699|
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, $|
|Feb 16||0.999||0.998||1.008||208 327 775|
|Feb 17||1.004||0.996||1.004||209 524 545|
|Feb 18||0.997||0.992||1.003||208 950 022|
|Feb 19||1.000||0.996||1.008||212 177 018|
|Feb 20||0.997||0.997||1.007||218 395 146|
|Feb 21||0.999||0.996||1.004||223 376 765|
|Feb 22||1.000||0.998||1.004||222 777 081|
|Feb 23||1.000||0.995||1.002||221 941 305|
|Feb 24||1.000||0.999||1.006||203 804 306|
|Feb 25||1.002||1.002||1.004||204 513 630|
|PAX price change 24 hours||-0.01%|
|PAX price change 7 days||0.44%|
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...
Ben March 31, 2019 PAX
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...
Pablo March 14, 2019 PAX
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...
Frank February 27, 2019 PAX
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....
Zedd December 1, 2018 PAX
|Price, USD||24h||7 days|
We publish the most accurate Paxos Standard Token Forecasts and News including crypto industry experts' opinion on a daily basis