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Source: USDPUSD Chart by TradingView

What is Paxos Standard?

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 Technology

Hash Algorithm None
Org. Structure Centralized
Development Status On-going development
Hardware Wallet Yes

Paxos Standard Features

  • TRUSTED. Paxos is a Trust company, regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets. Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD.
  • STABLE. PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions.
  • AUDITED. The entire supply of PAX is collateralized by USD in dedicated omnibus cash accounts at FDIC-insured U.S. banks.

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Paxos Standard Organization & Team

  • Reg. Name Paxos Trust Company, LLC
  • Reg. Location United States
Charles Cascarilla
Charles Cascarilla

CEO & Co-Founder

Andrew Chang
Andrew Chang


Rich Teo
Rich Teo

Co-Founder & CEO Asia

Nancy Dornbush
Nancy Dornbush

Global Head of Operations

Corey Wendling
Corey Wendling

SVP of Engineering

Daniel Burstein
Daniel Burstein

General Counsel & Chief Compliance Officer

Seth Phillips
Seth Phillips

Executive Director of Post-Trade

Dorothy Chang
Dorothy Chang

VP of Marketing & Comms

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