Paxos Standard Token (PAX)

1M
PAX
1.0027 USD -0.13%
0.00010694 BTC -2.90%
PAX
$ 1.0027 -0.13%
0.00010694 BTC -2.90%
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What is Paxos Standard Token?
Paxos (PAX) or Paxos Standard token is fully collateralized by the U.S. dollar in a 1:1 ratio issued by Paxos Trust Company in 2012 and approved and regulated by the New York State Department of Financial Services. PAX proposes a liquid, digital alternative to cash with instantaneous transaction settlement and full redeemability.

Paxos Standard has been designed on the ERC-20 protocol and offers benefits of crypto assets, such as immutability and decentralized accounting. Due to its fiduciary and qualified custodian of customer funds, it can therefore offer more protections for customer assets than any other existing stablecoin. Its smart contract auditors were Nomic Labs and ChainSecurity, while its dollar deposit equivalents to PAX in segregated accounts are being audited monthly by Withum."

Technology & Supply

Learn more technical information about the digital asset.

Currency Type Token
Proof Type Not mineable
Total Supply 249,952,065 PAX
Circulating Supply 244,951,954 PAX

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