On September 10, 2018, the New York Department of Financial Services (NYDFS) simultaneously approved two stablecoins based on Ethereum, Gemini Dollar and Paxos Standard. These two stablecoins are encrypted digital currencies anchored 1:1 with the US dollar. These two digital currencies will be regulated by the U.S. government, and account funds will be audited every month. If there is a problem with the account, the U.S. government can pass law enforcement. means for freezing and other operations.
PAX (Paxos Standard) is the world's first compliant stablecoin, issued by the blockchain startup Paxos. PAX aims to provide liquidity for investors trading crypto assets by providing a "digital alternative to cash" , for instant trade settlement across all asset classes.
PAX is a stable currency backed by 1:1 USD, 1PAX is equal to 1 USD, and all PAX reserves will be 100% collateralized by the fully held USD. Built on Ethereum’s ERC-20 standard, PAX can be sent between any two wallets on the Ethereum network, and verified Paxos customers can buy or redeem PAX on their company website.
Paxos Standard Price
$ 0.9400(--)
PAX Price Chart
No Data
Paxos Standard Market Information
- $0.00
- --
- --
- --
- 60
- 75,649,750.00
- $888.91M
- 945,642,940.11
About Paxos Standard
Information
| Issue Date | -- | Initial Offering Price | -- |
|---|---|---|---|
| Max Supply | -- | Circulating Supply | 945,642,940.11 |
| Listed Exchanges | 6 | Incentive Mechanism | -- |
| Encryption Algorithm | -- |
Paxos Standard Price History
| Time | Change | High | Low |
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| 24H | -- | -- | -- |
| 7D | -- | -- | -- |
| 30D | -- | -- | -- |
| All | -- | -- | -- |
Paxos Standard News
Uniswap Soars 22% as Altcoins Rally While Bitcoin Stalls
Uniswap (UNI) has emerged as a focal point, surging 22.5% to $3.53 following Standard Chartered’s initiation of coverage with a $100 price target by 203
HYPE Surges 6%: Suspected Insider Whale Nabs $34M in Gains
HYPE recently surged by 6% in early morning trading, a volatile market move that provides cryptocurrency derivatives traders and decentralized finance enthusiasts with critical insight into high-stakes whale behavior and liquidity shifts.Cornell Rachel
SpaceX Prices Record $75B IPO at $135, Hits $1.8T Valuation
SpaceX has officially executed the largest initial public offering in Wall Street history, substantially eclipsing all previous market records.Wayne Ingram
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Why Is Techemynt Launching Tokenized Gold? GoldNZ and SilverNZ Go Live
Techemynt Limited announced the launch of GoldNZ and SilverNZ, tokenized gold and silver bullion backed 1:1 by physical metals stored in New Zealand.Jerry McNeill
War and Bitcoin: What Happens to Crypto Prices?
War and tariffs affect Bitcoin mainly through liquidity and dollar strength. When uncertainty rises, capital shifts away from risk assets, creating pressure on crypto prices. As conditions stabilize, liquidity can return just as quickly.Hallie Gill
XAUT vs. PAXG: Differences Between XAUT and PAXG
According to BitKan, XAUT typically charges a 0.25% minting and redemption fee, and trading spreads on exchanges are usually lower. PAXG uses a tiered fee structure, with higher fees for small transactions and lower fees for large transactions.Hallie Gill
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