Paxos Standard is regulated crypto asset. It is fully collateralized 1:1 by the U.S. dollar, approved and regulated by the NYDFS, and enables instantaneous transactions. 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. (The price of Paxos Standard is $0.99901)
The price of Paxos Standard is currently $0.999010
1 hour % | 12 hour % | 24 hour % | 7d % | 30d % | 1y % |
---|---|---|---|---|---|
BTC -0.61% USD -0.07% ETH -1.35% |
BTC 1.57% USD -0.15% ETH -0.25% |
BTC 0.81% USD 0.01% ETH -0.71% |
BTC 15.56% USD -0.11% ETH 0.78% |
BTC -27.87% USD -0.09% ETH -53.06% |
BTC -73.79% USD -0.7% ETH -87.16% |
The all time high price of Paxos Standard was $1.08802172 on 2020-03-12 13:41:27
Development Status: | On-going development |
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Proof Type: | Not mineable |
Hash Algorithm: | None |
Hardware Wallet: | Yes |
Circulating Supply: 244,951,954 PAX
Beta Value: -0.011