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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 Paxos.com are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks.
Verified Paxos customers can purchase and redeem tokens directly through Paxos.com 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..
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. ...
Organization: Whois Privacy Service
Name: On behalf of paxos.com owner
Address: P.O. Box 81226
Creation date: 2002-09-07
Expiration date: 2020-09-07
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. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space. The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology.
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.
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.
TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.
The exact founding date of Paxos Standard is unfortunately not that clear.
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
There is no official PAX-subreddit yet
|directions_run Active Users|
|create Daily Posts|
|speaker_notes Daily Comments|
There is no official Telegram Channel for PAX yet
There is NO official Twitter account for Paxos Standard yet
|person 3,028 Followers|
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.
Every change to the codebase of Paxos Standard is registered as a commit. More active projects have many commits, dead projects nearly none.
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.
|star 54 Stars|
|remove_red_eye 23 Watchers|
|usb 44 Forks|
|sync_problem 4 Open Issues|
|border_color 0.06 % Comment Coverage|
|lock_open MIT License License|
Convert between PAX and USD with the live Paxos Standard prices, aggregated from all big exchanges that trade Paxos Standard.
Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.
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.
General counsel and chief compliance officer
Vp of engineering
Vp of people
Head of talent
|# 1||Binance||PAX/USDT||$ 1.003304||$ 2,897,202||check|
|# 2||Binance||PAX/BTC||$ 1.002356||$ 2,655,478||check|
|# 3||Binance||PAX/ETH||$ 1.005899||$ 714,381||check|
|# 4||Binance||PAX/BCH||$ 1.003529||$ 490,770||check|
|# 5||Binance||PAX/XRP||$ 1.000645||$ 77,078||check|
|# 6||Binance||PAX/LTC||$ 1.003802||$ 59,627||check|
|# 7||Binance||PAX/TRX||$ 1.000571||$ 48,289||check|
|# 8||Binance||PAX/BNB||$ 1.003258||$ 43,634||check|
|# 9||Binance||PAX/EOS||$ 1.004196||$ 19,143||check|
|# 10||Binance||PAX/USDC||$ 1.001232||$ 14,239||check|
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