Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to ‘transact at the speed of the internet’. It aims to meld the stability of the dollar with blockchain technology. Paxos, the company behind PAX, has a charter from the New York State Department of Financial Services, which allows it to offer regulated services in the cryptoasset space.

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Coin’s Details

  • Market Capitalization

    $674.2 M

  • Volume 24H

    $54.9 M

  • Blockchain

  • Circulating supply

    675 099 791

  • Total supply

    675 099 791

  • Proof type

    Proof of Work (PoW)

  • Algorithm

    Delegated Proof of Stake (DPoS)

  • Team Location

  • First announced

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