Paxos Standard current price is $0.999.

paxos-standard Paxos Standard (PAX)

$0.999
0.16% (24H)
Watch
Market CapVolumeAvailable Supply
$380,006,580.00$129,287,966.00380,445,256 PAX

Paxos Standard current price is $0.999 with a marketcap of $380,006,580.00. Its price is 0.16% up in last 24 hours.
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Paxos Standard (PAX) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space. The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology. Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology. Paxos has become the most widely adopted cryptocurrency in the fastest time frame, with support from over 20 exchanges and OTC desks in the first five weeks of its existence. It’s been picked up and listed by six of the top ten cryptocurrency exchanges, Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex. These exchanges are offering PAX as an alternative to the controversial Tether. Unlike the controversy surrounding the people who control Tether, there is no such obscurity when it comes to the people behind Paxos. The CEO and co-founder is Charles Cascarilla. He has over 15 years in financial services and has co-founded Cedar Hill asset management back in 2005. He has also worked and Bank of America and Goldman Sachs prior to that. The Paxos Standard (PAX) is the first digital asset to be issued by a financial institution and to be fully secured by the U.S. dollar. While other similar stablecoins have existed, there has been no proof of full U.S. dollar reserves, nor have these earlier assets been issued by a financial institution. The Paxos team has been fairly clear in declaring the different base that PAX is working from.

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10 Paxos Standard (PAX)
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We’ve been building industry-leading products for a modern financial system. We are looking for the best to join us on our mission. Check out our openings https://www.paxos.com/careers/

Digital assets are going mainstream. It’s important to know that you’re trading reliable crypto. Paxos always puts customer asset safety first: all Paxos-issued tokens, @PaxosStandard $PAX, @Binance USD $BUSD and $PAXG, are green-listed by @NYDFS. https://bit.ly/3mXI2xO

Greenlisted by @NYDFS, Paxos stablecoins hold the highest regulatory standards in the space. Check out our August attestation for $PAX @PaxosStandard and $BUSD @Binance USD here https://www.paxos.com/attestations/

PAX Gold $PAXG is one year old and now available on @Gemini!
There are 78 LBMA #gold bars backing the entire 30,000+ supply of $PAXG tokens, equalling nearly $60 million in market cap. https://bit.ly/2RdtyLA

Today’s the 2nd anniversary of $PAX @PaxosStandard - the 1st regulated USD-stablecoin. To date, more than $1.9B $PAX tokens have been issued and more than $200B transactions processed. $PAX is available globally across exchanges, wallets, DeFi platforms and more
#stablecoin

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