PAX

PAX

Paxos Standard
$0.994300
-0.15%
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  • Market Cap
    $106,168,344
  • 24h Vol (Global)
    ฿7,364 ($38,878,055)
  • Circulating Supply
    106,776,973
  • Issue Date
    -
  • Issue Price
    $1.00
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-106,776,973-$1.00POW1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
107,096,569Ethashhttps://github.com/paxosglobalhttps://www.paxos.com/standardTOKEN

Paxos Standard™ is the world's first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services. 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, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, Paxos is a fiduciary and qualified custodian of customer funds, and can therefore offer greater protections for customer assets than any other existing stablecoin. Dollar deposits used to purchase PAX from Paxos.com are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks. Verified Paxos customers can purchase and redeem tokens directly through Paxos.com on a 1:1 basis with USD. 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 our token and bank account balances on a month-end basis.

Teams
    Charles Cascarilla

    Charles Cascarilla

    CEO and Co-Founder

    With over 15 years of experience in financial services, Charles has a unique perspective on integrating blockchain technology with traditional systems. He co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012. Earlier in his career, Charles was a portfolio manager at Claiborne Capital and worked at both Bank of America Securities and Goldman Sachs.

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    nonews

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Introduction

Paxos Standard™ is the world's first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services. 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, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, Paxos is a fiduciary and qualified custodian of customer funds, and can therefore offer greater protections for customer assets than any other existing stablecoin. Dollar deposits used to purchase PAX from Paxos.com are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks. Verified Paxos customers can purchase and redeem tokens directly through Paxos.com on a 1:1 basis with USD. 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 our token and bank account balances on a month-end basis.

Social Media
News
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2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
2019-04-12
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2019-04-12
The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
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The Unusual Kid on the Block: Stablecoin Backed by Stablecoins
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Paxos to Launch More Asset Backed Tokens This Year, CEO Says
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Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse
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In Tether We Trust? USDT Still Dominant Stablecoin
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Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018
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BitPay Says It Processed Over $1 Billion in Crypto Payments Last Year
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Major Bitcoin Payment Processor BitPay Hit USD 1bn Despite Market Drop
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Game of Coins: Inside the Paxos-Gemini Stablecoin Discount War
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Coinbase Exec Joins Stablecoin Issuer TrueUSD as Head of Compliance
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XRP to Correct After a Rise
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Bitfinex Crypto Exchange Launches Margin Trading for Stablecoin Tether
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Circle Publishes Another Third-Party Audit of USD Reserves for Stablecoin USDC
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Confirmed: Basis CEO Says Project Will Shut Down due to Regulatory Concerns
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Report: Stablecoins See Significant Growth in Adoption Over Recent Months
2018-12-10
2019 Will Be a Big Year for Stablecoins
2018-12-09