|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:||20 February, 2019 10:55:09|
|Current price, USD:||$1.014|
|Current price, BTC:||0.0002547|
|Market capitalization, USD:||$114 975 405|
|Available supply:||113 335 035 PAX|
|Volume 24 hours, USD:||$72 650 054|
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, $|
|20 Feb||1.014||1.014||1.017||115 381 513|
|19 Feb||1.015||1.012||1.017||116 058 637|
|18 Feb||1.013||1.009||1.016||116 134 055|
|17 Feb||1.014||1.013||1.022||115 252 524|
|16 Feb||1.013||1.009||1.016||116 093 097|
|15 Feb||1.013||1.011||1.015||117 488 010|
|14 Feb||1.014||1.011||1.015||117 895 310|
|13 Feb||1.015||1.011||1.015||119 503 303|
|12 Feb||1.013||1.011||1.016||120 524 734|
|11 Feb||1.016||1.012||1.017||122 204 347|
|PAX price change 24 hours||-0.08%|
|PAX price change 7 days||0.19%|
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