Paxos Standard (PAX)

Stablecoin that should stay at the value of 1 USD


Marketcap Ranking

0.998765 (0.27%) arrow_drop_up

Market Price (24h change)


Total Market Cap



info_outline What is PAX



PAX Short Description

Paxos Standard™ is the world's first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.

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, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, Paxos is a fiduciary and qualified custodian of customer funds, and can therefore offer greater protections for customer assets than any other existing stablecoin. Dollar deposits used to purchase PAX from are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks.

Verified Paxos customers can purchase and redeem tokens directly through on a 1:1 basis with USD. 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 our token and bank account balances on a month-end basis..


PAX Explanation Video

Paxos standard explained - what is paxos standard - stablecoins explained | crypto cruising

Paxos standard explained - what is paxos standard - stablecoins explained Paxos Standard is regulated crypto asset. It is fully collateralized 1:1 by the U.S. ...

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Website Informationclose

Organization: Whois Privacy Service
Name: On behalf of owner
Country: US
City: Seattle
Zipcode: 98108-1226
Address: P.O. Box 81226
Creation date: 2002-09-07
Expiration date: 2021-09-07
Nameserver: NS-1193.AWSDNS-21.ORG

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PAX Whitepaper

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 (PAX) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services.

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PAX Competitors

  • 1.) Tether

    Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance.

  • 2.) Dai

    Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

  • 3.) TrueUSD

    TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.


PAX Product Analysis

Paxos Standard was founded back in January 2020. Its source code was released publicly on github on September 2018 under the MIT License license.
Organization wise, Paxos Standards Development is Centralized and is being developed under the lead of Sheila Bair.

The consensus on which the Paxos Standard network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Paxos Standard currently is On-going development

group PAX Community Analysis



PAX Communities & Events

There is no official PAX-subreddit yet

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person Subscribers
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There is no official Telegram Channel for PAX yet

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linkOpen in Telegram

There is NO official Twitter account for Paxos Standard yet

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person 5,346 Followers

There are no events for Paxos Standard in the next 3 Months


PAX Google Trends

The Google Trends chart displays the search interest on google in Paxos Standard relative to its peak over the last year. A rising chart shows growing interest int he project.

code PAX Development Analysis



PAX Github Analysis

Code Updates (Commits)

Every change to the codebase of Paxos Standard is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)

Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 57 Stars
remove_red_eye 22 Watchers
usb 51 Forks
sync_problem 0 Open Issues
border_color 2.44 % Comment Coverage
lock_open MIT License License

attach_money PAX Price Analysis



PAX Price Prediction

$ 0.996235 (-0.22%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.993393 (-0.5%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper


Converter PAX - USD

Convert between PAX and USD with the live Paxos Standard prices, aggregated from all big exchanges that trade Paxos Standard.


Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle PAX Team Analysis



PAX Team

PAX Team Leader

Charles Cascarilla - Ceo and co-founder
With over 15 years of experience in financial services, Charles has a unique perspective on integrating blockchain technology with traditional systems. He co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012. Earlier in his career, Charles was a portfolio manager at Claiborne Capital and worked at both Bank of America Securities and Goldman Sachs.

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PAX Team Members (11)


Sheila Bair

Board director


Bill Bradley

Board director


Robert Herz

Board director


Jim Manzi

Board director


Duncan Niederauer

Board director


Rachel Nelson

General counsel and chief compliance officer


Rajesh Nair

Vp of engineering


Bharath Jayaraman

Vp of people


Marisa Goldberg

Head of talent


Jake Skinner

Strategic initiatives

compare_arrows PAX Exchanges

PAX Markets

# Exchange Pair Price 24h Volume Trusted
# 1 Binance PAX/USDT $ 0.998599 $ 13,479,611 check
# 2 Binance PAX/ETH $ 0.996589 $ 9,361,699 check
# 3 Binance PAX/BUSD $ 0.998901 $ 3,854,460 check
# 4 Bitfinex PAX/USDT $ 0.998299 $ 384,158 check
# 5 Bitfinex PAX/USD $ 1.000200 $ 383,300 check
# 6 Binance PAX/TRX $ 0.997730 $ 166,430 check
# 7 Bittrex PAX/BTC $ 1.007137 $ 117,040 check
# 8 Binance PAX/LTC $ 1.001808 $ 98,927 check
# 9 Binance PAX/BCH $ 0.998137 $ 98,798 check
# 10 Bittrex PAX/USD $ 1.000990 $ 53,435 check


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