Market Cap
24h Vol
2546
Cryptocurrencies
21109
Markets
Paxos Standard Rank 32
$1.006639
Paxos Standard Rank 32
Website Twitter
231,494,688 PAX

Paxos Standard
Paxos Standard
PAX

Paxos Standard Price
$1.01

Paxos Standard 24h Vol
$166,886,229

Paxos Standard Market Cap
$233,031,539

24h Vol
18,941 BTC
1 H
0.07 %
24 H
0.10 %
7 d
0.43 %
Today Paxos Standard price in US dollars is currently 1.01 USD, and if converted to Bitcoin is 0.00011425 BTC. A total of 26,448 coin's are currently circulating in the Market. Paxos Standard prices are currently experiencing a change of 0.10 %, check all cryptocurrency. Over the past 24 hours 1.669 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
0.00011425 BTC
BTC Market
26,448 BTC
BTC 24h Vol
18,941 BTC
Total Coins Mined
231,494,688 PAX
1h
0.07 %
24h
0.10 %
7d
0.43 %
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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
Full Name Paxos Standard (PAX)
Start Date 2018-10-09
Algorithm ETH Token
Proof Type PoW
Website https://www.paxos.com/standard/
Twitter @PaxosGlobal
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 231,494,688 PAX
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
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