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 | 2 | Incentive Mechanism | -- |
| Encryption Algorithm | -- |
Paxos Standard Price History
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| 24H | -- | -- | -- |
| 7D | -- | -- | -- |
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Paxos Standard News
New SEC Crypto Rule to Cut Red Tape for Startup Fundraising
The U.S. Securities and Exchange Commission plans to introduce a major regulatory framework this month to simplify capital formation and reduce operational hurdles for cryptocurrency businesses.Martha Grizzard
White House Admits Federal Bitcoin Fund is Still Delayed
The establishment of the Strategic Bitcoin Reserve has run into severe internal friction regarding which cabinet-level agency holds authority over the asset.Martha Grizzard
USDC Dominates Tether USDT in Stablecoin Volume Race
Circle's USD Coin (USDC) secured a 70% share of adjusted onchain transaction volume during the opening six months of 2026.Martha Grizzard
Learn
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
