PAX Paxos Standard Prices, Charts and Graphs | Coinread
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Paxos StandardPAX#83

$0.92
-1.39% (-$0.013, 24H)
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  • Market Cap$861,162,325
  • Volume (24H)$60,934,081
  • Circulating Supply931,567,832
  • Max Supply
  • High (24H)$0.96
  • Low (24H)$0.91
  • Change (1H)-0.085%
  • Change (7D)9.31%
  • Change (1M)-8.3%
  • Change (1Y)-7.4%

As a stablecoin launched in 2018, Paxos Standard (PAX) allows users to exchange US Dollars for tokens. Promising transactions ‘at the speed of the internet’, Paxos Standard seeks to combine the power of blockchain with the relative stability of fiat currency. With a charter in the New York State Department of Financial Services, the stablecoin’s parent company Paxos offers regulated cryptoasset services. Peer-to-peer transactions mean users can send and receive US dollars anywhere in the world, as well as in a multitude of commercial settings. While none of the major exchanges hosting PAX supports withdrawals of U.S. dollars, PAX tokens are redeemable as USD directly from the Paxos dashboard. Eventually, Paxos aspires to be a widely-used resource for people in countries with unpredictable currencies to keep their assets stable. Envisioning a ‘frictionless global economy, where all assets can move anywhere instantaneously, 24/7’, Paxos Standard brings real-world utility to crypto’s dynamism.

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