Paxos Standard (PAX)

The New Digital Dollar

Paxos Standard (PAX) combines US Dollar stability with the efficiency of blockchain technology

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Last updated on December 1, 2019

Total PAX Transacted

$ 10000

Total PAX Minted

$ 10000

All-Time Redemptions

$ 10000

24-hour trade volume

$ 10000

How to Use PAX

peer-to-peer

Peer-to-Peer

Instantly send and receive US dollars around the world

purchasing

Commerce

Use PAX to pay for goods and services

Trading

Move instantly between dollars and crypto

Holding

Enjoy the stability of the US dollar by converting your cash to PAX

Get Started

Create account to convert US dollars to PAX and PAX to US dollars

PAX Ecosystem

PAX is now listed on over 100 exchanges, OTC desks, and wallets including:

binance
Huobi_logo
coinbene-logo
ZB
bit-z-logo
KuCoin Logo
okcoin-logo
digifinex
Bittrex Logo
bcex-logo
UEX-logo
gate-io
bitpay
Fcoin-logo
Bitmap

Frequently Asked Questions

Paxos Standard (PAX) was built so that money can move fast.

PAX is a digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. Unlike other crypto assets, PAX is stable. It is backed 1:1 for the dollar and it’s issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated.

It’s a piece of our future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 24/7.

Ethereum is a decentralized blockchain-based ledger that supports smart contracts, and is the most widely-used digital-asset platform. Paxos Standard follows the ERC-20 protocol, which is a standard for smart contracts on the Ethereum blockchain. The ERC-20 standard specifies a set of standard functions to manage transactions and track account balances. Some of the advantages of the Paxos Standard ERC-20 token are listed below:

 

High utility

  • Seamless wallet support and exchange integration. Any provider that has implemented ERC-20 code can support the token on their platform
  • An open network enables use-cases impossible on a closed network

 

Maximum end-user trust

  • Users do not have to trust a given exchange to hold their token
  • Reduced liquidity risk – each user can redeem from our regulated trust which publicly ensures they have enough cash on hand

The crypto-asset space is early in maturation, and initial use cases for PAX will be distinct from future use cases.

 

Today, Paxos Standard can be used to limit exposure to crypto-asset volatility, to remove cross-border transaction fees and to move between crypto-assets with ease or as payment for other blockchain-based assets.

 

In the future, Paxos Standard can be used for consumer payments, offering a stable store of value for those outside the United States that face currencies with unpredictable volatility.

If this is your first time purchasing PAX to your wallet (Ex: MyEtherWallet, MetaMask), ensure you have added the Paxos Standard token address.

 

PAX Token Address: 0x8e870d67f660d95d5be530380d0ec0bd388289e1

Customer funds are held in segregated accounts at FDIC-insured, U.S.-domiciled banks.

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