11 hours ago · 2 min read
USDP Paxos Standard
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Table of Contents
Source: USDPUSD Chart by TradingView
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.
Hash Algorithm None
Org. Structure Centralized
Development Status On-going development
Hardware Wallet Yes
- 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.
CEO & Co-Founder
Co-Founder & CEO Asia
Global Head of Operations
SVP of Engineering
General Counsel & Chief Compliance Officer
Executive Director of Post-Trade
VP of Marketing & Comms
All images, branding and wording is copyright of Paxos Standard. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.