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.
Paxos Standard [PAX] is a token based on Ethereum blockchain. The most actual price for one Paxos Standard [PAX] is $1.001591. Paxos Standard is listed on 47 exchanges with a sum of 113 active markets. The 24h volume of [PAX] is $121 979 228, while the Paxos Standard market cap is $245 341 550 which ranks it as #60 of all cryptocurrencies. You can find more information about Paxos Standard [PAX] on paxos.com