Today Paxos Standard price in US dollars is currently
1.00
USD, and if converted to Bitcoin is
0.00010266
BTC. A total of 25,147 coin's are currently circulating in the Market. Paxos Standard prices are currently experiencing a change of -0.06 %, check all cryptocurrency. Over the past 24 hours 2.379 M US dollarsPaxos Standard has been traded on Crypto Exchanges. Get Paxos Standard's progress by adding it to your favourites and creating a free portfolio if you wish.
Paxos Standard (PAX) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology.
Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.
Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable.
Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.
Why Use Paxos Standard:
Hold digital assets in PAX to limit exposure to volatility
Settle the cash component of digital asset transactions in dollar-equivalent denominations
Move between digital assets with ease and lower fees
Settle transactions outside of traditional banking hours
Transact internationally more efficiently
Technology
Paxos Standard Crypto Technology
Sorry, detailed technology about Paxos Standard is not currently available
Features
Paxos Standard Crypto Features
Sorry, detailed features about Paxos Standard is not currently available
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer