|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, May 26, 2020 5:00:01AM UTC|
|Current price, USD:||1.000|
|Market capitalization, USD:||245 312 392|
|Available supply:||244 951 954 PAX|
|Volume 24 hours, USD:||120 074 623|
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, $|
|May 17||0.999||0.998||1||244 946 969|
|May 18||1.000||0.995||1.01||245 407 173|
|May 19||1.000||0.997||1.01||244 107 178|
|May 20||0.995||0.995||1.01||245 394 065|
|May 21||1.000||0.999||1||245 301 041|
|May 22||1.000||0.999||1.01||245 149 854|
|May 23||1.000||0.997||1||245 499 692|
|May 24||1.000||0.998||1.01||245 139 070|
|May 25||1.000||0.998||1.01||245 551 499|
|May 26||1.000||1||1||245 312 392|
|PAX price change 24 hours||0.23%|
|PAX price change 7 days||0.12%|
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|
|UNUS SED LEO||1.140||0.31%||5.56%|
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