Cole Petersen · 17 hours ago · 2 min read · Insights via Ari Paul
PAX Paxos Standard
Market Cap $244,785,512
24 Volume $168,061,091
Circulating Supply 244,951,954 PAX
Total Supply 249,952,065 PAX
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.
- 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