Paxos Standard is issued on 1 platform(s)
|Source||Price (USD)||Market Cap||Total Supply||Circulating Supply||24h Vol|
|Coin Market Cap||1.000||$819.6M||819.6M||$819.6M||$62.3M|
Paxos Standard Description
Paxos Standard is a fiat-collateralized stablecoin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. The Paxos Standard tokens (PAX) are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 by USD held in Paxos-owned US bank accounts. It is also the one of three stablecoins approved by Wall Street regulators, alongside GUSD and BUSD.