On May 31, 2019, Paxos issued its ninth monthly attestation of PAX and USD reserves. Each month, our independent auditor reviews and attests to Paxos’ reserves. Click here to review the report.
As of May 31, 165,306,284.89 PAX tokens are in circulation and Paxos holds $165,306,284.89 dollars in reserve.
Paxos is committed to transparency and creating a global, frictionless economy. It is a chartered Trust company regulated by the New York Department of Financial Services. Notably, PAX is the most liquid, fully-backed and regulated stablecoin available to customers today.