PAX

Paxos StandardPAX

Rank #99
Token
On 15,447 watchlists

Paxos Standard Price (PAX)

$0.9996
0.09%

0.00001797 BTC0.86%

0.0004315 ETH7.88%

Low:$0.9984
High:$1.00
24h
PAX  Paxos Standard PAXPrice: $0.9996 0.09%
Market Cap
$878,479,995
0.09%
Fully Diluted Market Cap
$878,479,995
0.09%
Volume
24h
$102,360,535
14.83%
Volume / Market Cap
0.1165
Circulating Supply
878,839,538 PAX
Max Supply
--
Total Supply
878,839,538

Paxos Standard Chart

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PAX Price Live Data

The live Paxos Standard price today is $0.999591 USD with a 24-hour trading volume of $102,360,535 USD. Paxos Standard is up 0.09% in the last 24 hours. The current CoinMarketCap ranking is #99, with a live market cap of $878,479,995 USD. It has a circulating supply of 878,839,538 PAX coins and the max. supply is not available.

The top exchanges for trading in Paxos Standard are currently Binance, Huobi Global, OKEx, HBTC, and VCC Exchange. You can find others listed on our crypto exchanges page.

What Is Paxos Standard (PAX)?

Founded in September of 2018, Paxos Standard is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets.

A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Paxos Standard offers the advantage of transacting with blockchain assets through minimized price risk. The Paxos Standard tokens (PAX) are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

Who Are the Founders of Paxos Standard?

The Paxos Standard was created by Charles Cascarilla and Rich Teo.

Charles Cascarilla is the CEO and co-founder of Paxos. He is also the founding board member of the Association for Digital Asset Markets (ADAM), and a partner at Liberty City Ventures.

He also co-founded and is a partner at Cedar Hill Capital Partners, and his past experience includes a portfolio manager at Claiborne Capital Management, financial analyst at Goldman Sachs and analyst at the Bank of America.

Rich Teo is the second co-founder of Paxos. Before that, he worked as a principal/senior Analyst at Cedar Hill Capital Partners. He was also a financial analyst at Citi, and a combat signaler at the Singapore Armed Forces.

What Makes Paxos Standard Unique?

The Paxos Standard is a stablecoin that allows any user to exchange U.S. dollars for the Paxos Standard Tokens. Its main goal is to stabilize the dollar with blockchain technology.

The Paxos company has a charter from the New York State Department of Financial Services that allows them to offer regulated services within the crypto asset world. The token itself is backed by the USD in accounts that are held by the company at the U.S. depository institutions.

Paxos Standard was built in order to improve the larger financial ecosystem through the creation of a frictionless global network. Here, all digital assets can be mobilized quickly, with a high level of flexibility and accessibility. Paxos’s goal is to create a future where digital assets, commodities and securities can be transferred anywhere, anytime.

Learn more about Uniswap.

Learn more about Bonded Finance.Enhance your knowledge about cryptocurrency through CMC Alexandria.Read some of our latest posts on the CoinMarketCap blog.

How Many Paxos Standard (PAX) Coins Are There in Circulation?

Paxos Standard combines the U.S. dollar’s stability with the efficiency of blockchain technology. It is a digital dollar, and like other crypto assets can be moved instantaneously anywhere in the world throughout any time of the day. It is stable and is backed 1:1 for the dollar, as well as issued by the Paxos Trust Company. This means that the funds are carefully protected, audited and regulated.

How Is the Paxos Standard Network Secured?

The Paxos Standard (PAX) can be transacted over the Ethereum blockchain in the same way as Ether or any other ERC-20 asset. If a user wants to redeem PAX, they can send tokens to an address controlled by Paxos that will destroy the tokens and transfer flat currency to the user’s bank account. Through this existence on a public blockchain, it can allow traders and exchanges to use PAX as an alternative to flat currencies and can help them outsource their banking requirements to Paxos. This also allows Paxos to easily be integrated with the Ethereum based applications easily.

When there is a security threat, Paxos can pause transfers and approvals of the PAX Token. This ability to pause is controlled by a single owner role, such as OpenZeppelin’s ownable. The model follows OpenZeppelin’s Pausable. OpenZeppelin contracts help you minimize risk by using tested libraries of smart contracts for Ethereum and other blockchains.

Due to the fact that it has a regulated trust, Paxos can legally transfer assets and monies. Through combining that permission with blockchain technology, the transactions can be done rapidly, securely and with no risk.

Where Can You Buy Paxos Standard (PAX)?

Paxos Standard or PAX can be purchased, sold and traded on several exchanges, those being:

Binance

VCC Exchange

Digifinex

Bittrex

Bithumb Global

1inch Exchange.

You can find others listed on our crypto exchanges page. If you are interested in learning how to buy cryptocurrency, you can learn more here.

Our most recent articles about Paxos Standard:

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PAX

Paxos Standard

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USD

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PAX Price Statistics

Paxos Standard Price Today
Paxos Standard Price$0.9996
Price Change24h$0.0008787
0.09%
24h Low / 24h High
$0.9984 /
$1.00
Trading Volume24h$102,360,534.80
14.83%
Volume / Market Cap0.1165
Market Dominance0.04%
Market Rank#99
Paxos Standard Market Cap
Market Cap$878,479,995.10
0.09%
Fully Diluted Market Cap$878,479,995.10
0.09%
Paxos Standard Price Yesterday
Yesterday's Low / High
$0.9929 /
$1.01
Yesterday's Open / Close
$0.9991 /
$0.999
Yesterday's Change

0.01%

Yesterday's Volume$106,538,495.08
Paxos Standard Price History
7d Low / 7d High
$0.9929 /
$1.03
30d Low / 30d High
$0.9929 /
$1.03
90d Low / 90d High
$0.9902 /
$1.03
52 Week Low / 52 Week High
$0.9697 /
$1.05
All Time High
Oct 15, 2018 (3 years ago)
$1.10
9.13%
All Time Low
Mar 13, 2020 (a year ago)
$0.8728
14.53%
Paxos Standard ROI

0.2%

Paxos Standard Supply
Circulating Supply878,839,538 PAX
Total Supply878,839,538 PAX
Max SupplyNo Data