Paxos Standard Rank 40
$1.002667
Paxos Standard Rank 40
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244,951,954 PAX

Paxos Standard
Paxos Standard
PAX

Paxos Standard Price
$1.00

Paxos Standard 24h Vol
$148,598,173

Paxos Standard Market Cap
$245,605,209

24h Vol
16,050 BTC
1 H
0.17 %
24 H
0.27 %
7 d
0.29 %
Today Paxos Standard price in US dollars is currently 1.00 USD, and if converted to Bitcoin is 0.00010830 BTC. A total of 26,528 coin's are currently circulating in the Market. Paxos Standard prices are currently experiencing a change of 0.27 %, check all cryptocurrency. Over the past 24 hours 1.486 M US dollars Paxos Standard has been traded on Crypto Exchanges. Get Paxos Standard's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Paxos Standard
Symbol
PAX
Algorithm
ETH Token
BTC Price
0.00010830 BTC
BTC Market
26,528 BTC
BTC 24h Vol
16,050 BTC
Total Coins Mined
244,951,954 PAX
1h
0.17 %
24h
0.27 %
7d
0.29 %
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Description

Description


Paxos Standard (PAX) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. 

Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.

Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable.

Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.

Why Use Paxos Standard:

  • Hold digital assets in PAX to limit exposure to volatility
  • Settle the cash component of digital asset transactions in dollar-equivalent denominations
  • Move between digital assets with ease and lower fees
  • Settle transactions outside of traditional banking hours
  • Transact internationally more efficiently


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