PAX

PAX

Paxos Standard
$1.00
+0.02%
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  • Market Cap
    $237,498,256
  • 24h Vol (Global)
    ฿12,242 ($102,063,827)
  • Circulating Supply
    237,000,555
  • Issue Date
    -
  • Issue Price
    $1.00
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-237,000,555-$1.00POW1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
237,000,555Ethashhttps://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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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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2019-12-06
Human Rights Foundation: Stablecoin Privacy Is ‘Extremely Lackluster’
2019-11-22
Paxos Debuts Fiat Gateway With Binance Crypto Exchange as Its First Client
2019-11-12
Abra Adding 60 New Cryptocurrencies in Consumer Adoption Push: Report
2019-11-12
Binance Exchange Is First Client for Paxos’ New Dollar Gateway
2019-11-12
CZ on Paxos' Fiat Gateway: 'Fastest, Simplest U.S. Dollar On/Off Ramp' for Binance Users
2019-11-12
Crypto Analyst Says $1 Million Bitcoin Call ‘Massively Over-Hyped’ – Plus Ripple and XRP, Litecoin Updates
2019-11-06
Crypto Listing & Delisting Announcements: Week 44
2019-11-04
Genesis Capital Crypto Lending Firm Reports $870M in New Originations in Q3
2019-10-31
Institutional Crypto Lender Genesis Capital: $870M in New Loan Originations in Q3 2019
2019-10-31
Genesis Clocks Quarterly Surge in Cash and Stablecoin Lending
2019-10-30
Tron Gets Into Samsung Blockchain Keystore + 14 More Crypto News
2019-10-29
Paxos Launches Settlement Platform for Equity Securities After SEC Relief
2019-10-28
Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold
2019-10-28
Binance Reintroduces Dash (DASH), ZCash (ZEC) to US Trading
2019-10-21
Bitcoin is approaching $1 billion in all-time transaction fees, $15 billion in miner fees
2019-10-15
Gold and Blockchain: A Budding Financial Romance at the Perfect Time
2019-10-14
Ethereum Is No Longer a Monopoly Platform for Stablecoins
2019-10-11
How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex?
2019-10-11
Major Refinery Perth Mint Unveils Government Gold-backed Token
2019-10-11
Perth Mint, InfiGold Launch Gold-Backed Token on Public Blockchain
2019-10-10
Fiat-Backed Stablecoins ⁠— Attempt to Take the Best of Both Worlds
2019-10-06
Coinbase Offers Interest for Storing USDC
2019-10-03
Stablecoins Backed by Precious Metals — How Do They Work?
2019-10-02
New Stablecoin Proposed by Former TrustToken, JP Morgan, IBM Team Members
2019-10-02
Crypto Exchange Binance Abruptly Removes Dozens of Crypto Pairs
2019-10-01
Binance Announces Coin Cull, Delists Stablecoin Pairs
2019-09-30
Crypto Twitter Snaps Back As NBA Rejects Spencer Dinwiddie’s Tokenized Security
2019-09-28
Bitcoin Supporter and NBA Entrepreneur Builds on Ethereum, Announces Crypto Platform, Spotlights Endorsement With Tron and Justin Sun
2019-09-27