Paxos Standardpax

Paxos Standard is a fiat-backed, collateralized stablecoin pegged to the U.S. dollar. The asset runs on top of the Ethereum blockchain and 'combines the stability of the dollar with the efficiency of blockchain technology'. Paxos, the company behind PAX, is a Trust company regulated by the New York State Department of Financial Services. The company undergoes an audit of their U.S. dollar reserves monthly. Paxos guarantees that users will be able to redeem PAX at a rate of 1 PAX = $1 USD within one business day, after an identity check to become a Paxos customer. This check is known in the banking industry as a KYC/AML check ('Know Your Customer' and 'Anti Money Laundering').

  1. Overview
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  1. Paxos Standard Updates
RT @PaxosGlobal: Update: Lots of news around @libra_ and its whitepaper yesterday… #Paxos CEO Chad Cascarilla chimed in to @fortunemagazine…
4d
In the past week, $PAX has been traded in more than $1.6 billion transactions. https://t.co/XJPLXXJ6J9
4d
Check out last week's $PAX metrics here https://t.co/30MF8ex05t
11d
RT @BitpieWallet: Major Update PAX fiat investment added! Enjoy the @PaxosStandard #StableCoin buy/sell with the best price & quick service…
12d
$PAX has exceeded $25 billion in transaction volume! Check out last week metrics here https://t.co/9VO5Ybznai
17d
Starting today, #Binance customers can seamlessly convert US Dollars to $PAX, which are then sent directly to their… https://t.co/3HQ5EHj4rp
20d
$PAX has exceeded $23 billion in transaction volume! https://t.co/yqnMpc8S9G
24d
RT @BitpieWallet: Today, we are very pleased to announce a global strategic partnership with the world’s first regulated Stable Coin--PAX.…
1m
More than $1.4 billion $PAX was traded last week. Check out the $PAX metrics #stablecoin https://t.co/324xoTdLGo
1m
Fresh from @binance Stablecoin Report re: $PAX on @OntologyNetwork blockchain: “For Paxos, it would enable the comp… https://t.co/LgUQCewNDX
1m
$PAX users have been busy in May. Our all-time transaction volume surpassed $20 billion and market cap hit more tha… https://t.co/6SUJPXxDqq
1m
RT @truechaingroup: We are very glad to work with @PaxosStandard (PAX) to launch stable coin on TrueChain. TrueChain to Launch Regulated US…
1m
If you’re at #Consensus2019, go to the Mercury Room to catch @PaxosGlobal co-founder & head of Asia Rich Teo on the… https://t.co/2DZPnszZpV
1m
It’s been another big week! Our $PAX weekly metrics show volume of more than $1.2 billion and a market cap of more… https://t.co/cJUl4w7BOs
1m
A reminder to all: be careful out there! There are impersonators pretending to be Paxos and other brands you trust… https://t.co/GsPoyCr5so
1m
Our $PAX April attestation is out. There’s $160,737,039.03 PAX in circulation and $160,737,039.03 USD in our FDIC-… https://t.co/OuCZPJhqRQ
1m
RT @PaxosGlobal: On this day in 2015, @PaxosGlobal (then referred to by our exchange @itBit) was granted a trust charter so we could open t…
1m
RT @PaxosGlobal: You can use $PAX to book hotels around the world now! https://t.co/pwBhd3Qcjr
1m
RT @PaxosGlobal: Are you excited about #Consensus2019? Paxos is proud to be a Consensus sponsor. Use #Paxos discount code C19P300 for $300…
1m
Fresh from the @TheEconomist - more than $40million inflows for $PAX @PaxosStandard since April 25th. But we’re act… https://t.co/yBz9G1hy89
1m