Paxos is a Trust company, regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets. Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD.
Transact at the Speed of the Internet
Exchange US dollars for Paxos Standard Tokens to move money anywhere, anytime
Paxos Standard combines the stability of the dollar with the efficiency of blockchain technology
1 PAX = $1 USDRegister Now
PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions.
No conversion fees, no PAX transaction fees, no redemption fees and no minimums for purchases or redemptions.
Settle any digital transaction on the Ethereum blockchain with PAX to convert assets back into dollar-equivalent denominations 24/7, even outside of traditional banking hours. You will always be able to redeem PAX for USD within one business day.
The entire supply of PAX is collateralized by USD in dedicated omnibus cash accounts at FDIC-insured U.S. banks. Nationally top-ranking auditing firm Withum performs attestations (using standards established by the AICPA) on these accounts and the PAX tokens on a month-end basis to ensure they are consistent.
Our global team provides customer service 24/7. Get a dedicated account manager with minimum purchase of $100K.
Anyone with an Ethereum wallet can send or receive Paxos Standard tokens. Use the following information to enable your wallet for PAX.Token Address 0x8e870d67f660d95d5be530380d0ec0bd388289e1 Token Symbol PAX Decimals of Precision 18
Why Use Paxos Standard
Hold digital assets in PAX to limit exposure to volatility
Settle the cash component of digital asset transactions in dollar-equivalent denominations
Move between digital assets with ease and lower fees
Settle transactions outside of traditional banking hours
Transact internationally more efficiently
Read about Paxos Standard in the Press
“A new U.S.-dollar collateralized stablecoin has given the thumbs up to crypto’s toughest regulatory regime.”
“…PAX seems best-placed to inherit the stablecoin throne.”
Paxos Standard Emerges as Early Leader in Stablecoin Sprint
“Binance, the world’s largest cryptocurrency exchange by volume, announced today it is adding six trading pairs for the Paxos Standard Token (PAX).”
“These approvals demonstrate that companies can create change and strong standards of compliance within a strong state regulatory framework that safeguards regulated entities and protects consumers.”
“As a regulated trust with a 1:1 dollar-collateralized stablecoin, we believe we are offering an asset that improves on the utility of money.”
“We’re keeping core principles in place and pulling cash forward into a blockchain world in a way that creates reliability and functionality for everyone.”
“What is clear however is that in the event that rumours of Tether’s death are not exaggerated, PAX seems best-placed to inherit the stablecoin throne.”
” As the first regulated financial institution to issue a crypto asset approved and overseen by a regulator, we believe we’re bringing an unparalleled level of trust and protection to the world of digital assets.”
“Crypto startup Paxos is partnering with payments firm BitPay to allow the latter’s merchants to utilize the Paxos Standard stablecoin in settling transactions.”
“Cryptocurrency players including DRW’s Cumberland trading juggernaut and Mike Novogratz’s Galaxy Digital merchant bank have banded together to draft a set of best practices, the latest attempt to clean up an industry frequently marred by scandal.”