Paxos Standard Token (PAX): Price, Charts and Market Cap

Paxos Standard Token Paxos Standard Token website
Symbol PAX
Nature Token
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: Friday, November 27, 2020 4:00:02PM UTC
Crypto Volatility Index (CVIX): 1
Current price, USD: 0.999195
Market capitalization, USD: 244 754 822
Available supply: 244 951 954 PAX
Volume 24 hours, USD: 331 907 894
Mineable No

Paxos Standard Token general information

General PAX facts, technical details and general information about Paxos Standard Token crypto currency

Paxos Standard (PAX) was built so that money can move fast. PAX is a digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. Unlike other crypto assets, PAX is stable. It is backed 1:1 for the dollar and it’s issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated. It’s a piece of our future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 24/7.

Ethereum is a decentralized blockchain-based ledger that supports smart contracts, and is the most widely-used digital-asset platform. Paxos Standard follows the ERC-20 protocol, which is a standard for smart contracts on the Ethereum blockchain. The ERC-20 standard specifies a set of standard functions to manage transactions and track account balances. Some of the advantages of the Paxos Standard ERC-20 token are listed below:

High utility

  • Seamless wallet support and exchange integration. Any provider that has implemented ERC-20 code can support the token on their platform

An open network enables use-cases impossible on a closed network

Maximum end-user trust

  • Users do not have to trust a given exchange to hold their token
  • Reduced liquidity risk – each user can redeem from our regulated trust which publicly ensures they have enough cash on hand

The crypto-asset space is early in maturation, and initial use cases for PAX will be distinct from future use cases.

Today, Paxos Standard can be used to limit exposure to crypto-asset volatility, to remove cross-border transaction fees and to move between crypto-assets with ease or as payment for other blockchain-based assets.

In the future, Paxos Standard can be used for consumer payments, offering a stable store of value for those outside the United States that face currencies with unpredictable volatility. If this is your first time purchasing PAX to your wallet (Ex: MyEtherWallet, MetaMask), ensure you have added the Paxos Standard token address.

Customer funds are held in segregated accounts at FDIC-insured, U.S.-domiciled banks.

Historical data for Paxos Standard Token

We list daily Paxos Standard Token historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Nov 18 0.999358 0.995483 1.00 245 041 293
Nov 19 0.995464 0.995173 1.00 245 259 132
Nov 20 0.999149 0.995917 1.00 245 249 992
Nov 21 0.998180 0.995236 1.00 243 861 947
Nov 22 0.996287 0.994079 1.00 245 568 375
Nov 23 1.00 0.994827 1.00 245 008 679
Nov 24 1.00 0.995981 1.00 245 340 194
Nov 25 1.00 0.996020 1.00 244 346 971
Nov 26 0.996756 0.996506 1.01 244 544 162
Nov 27 1.00 0.997665 1.01 244 754 822

PAX/USD Exchange Rates

PAX to USD price chart — 7 days

PAX to USD price chart — 30 days

PAX to USD price chart — 60 days

PAX to USD price chart — 6 months

Paxos Standard Token

Paxos Standard Token (PAX) price change (24h)

PAX price change 24 hours -0.47%
PAX price change 7 days -0.12%

Paxos Standard Token (PAX) Short Term Forecast

After Price Change
1 day $0.999241 0%
1 week
1 month
6 months
1 year
Paxos Standard Token Price Prediction

Paxos Standard Token Comments & Reviews

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'�t 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

Paxos Standard Token Reviews

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Paxos Standard Token News & Forecasts

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