FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%

Paxos Standard Price, PAX/USD Exchange Rates


Paxos Standard (PAX) was built so that money can move fast. PAX is a digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, any time of any day, and it’s programmable. Unlike other crypto assets, PAX is stable. It is backed 1:1 for the dollar and it’s issued by the Paxos Trust Company, so the funds are carefully protected, audited and regulated. It’s a piece of our future vision for a frictionless, global economy, where all assets can move anywhere instantaneously, 24/7.

Ethereum is a decentralized blockchain-based ledger that supports smart contracts, and is the most widely-used digital-asset platform. Paxos Standard follows the ERC-20 protocol, which is a standard for smart contracts on the Ethereum blockchain. The ERC-20 standard specifies a set of standard functions to manage transactions and track account balances. Some of the advantages of the Paxos Standard ERC-20 token are listed below:

High utility

  • Seamless wallet support and exchange integration. Any provider that has implemented ERC-20 code can support the token on their platform

An open network enables use-cases impossible on a closed network

Maximum end-user trust

  • Users do not have to trust a given exchange to hold their token
  • Reduced liquidity risk – each user can redeem from our regulated trust which publicly ensures they have enough cash on hand

The crypto-asset space is early in maturation, and initial use cases for PAX will be distinct from future use cases.

Today, Paxos Standard can be used to limit exposure to crypto-asset volatility, to remove cross-border transaction fees and to move between crypto-assets with ease or as payment for other blockchain-based assets.

In the future, Paxos Standard can be used for consumer payments, offering a stable store of value for those outside the United States that face currencies with unpredictable volatility. If this is your first time purchasing PAX to your wallet (Ex: MyEtherWallet, MetaMask), ensure you have added the Paxos Standard token address.

Customer funds are held in segregated accounts at FDIC-insured, U.S.-domiciled banks.

PAX/USD Price and Exchange Rates Charts

PAX/USD Price, Exchange Rates chart – 7 days

PAX/USD Price, Exchange Rates chart – 30 days

PAX/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the Paxos Standard Price or PAX Information. For the most recent information please visit the Paxos Standard official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin 20.26%
2 ETH Information Ethereum 16.25%
3 BNB Information Binance Coin 8.19%
4 ADA Information Cardano 2.67%
5 USDT Information Tether 0.03%
6 XRP Information XRP 4.11%
7 SOL Information Solana 11.84%
8 DOT Information Polkadot 21.27%
9 DOGE Information Dogecoin 11.8%
10 USDC Information USD Coin -0.01%
11 UNI Information Uniswap 11.67%
12 LUNA Information Terra 8.96%
13 WBTC Information Wrapped Bitcoin 19.99%
14 LTC Information Litecoin 13.73%
15 BUSD Information Binance USD 0%
16 AVAX Information Avalanche 6.25%
17 LINK Information Chainlink 9.03%
18 BCH Information Bitcoin Cash 9.65%
19 SHIB Information SHIBA INU -2.25%
20 ALGO Information Algorand 2.23%
Cryptocurrency Rating

Top Bitcoin Brokers

All Bitcoin Forex Brokers

BTC/USD Forecasts

Stock Futures Flat, Bitcoin ETF Begins Trading Today
Stock Futures Flat, Bitcoin ETF Begins Trading Today

Today is the day that crypto traders have so eagerly been waiting for, as the ProShares Bitcoin Strategy ETF is now ready to invest in bitcoin futures and, according...

19 Oct 2021

Bitcoin to new all time highs?
Bitcoin to new all time highs?

Bitcoin has attracted a fair bit of attention in the last few days, hitting $62,857 and just shy of a new all-time high. Sentiment remains buoyant as we head past weekend...

18 Oct 2021

The price of Bitcoin jumped towards its all-time high on Friday morning
The price of Bitcoin jumped towards its all-time high on Friday morning

Hopes that a Bitcoin futures ETF would be approved by the SEC have supported the price in recent weeks. Some exchanges show the world’s largest cryptocurrency reached $60,000...

18 Oct 2021

Bitcoin approaches all-time high but hits resistance at $60000
Bitcoin approaches all-time high but hits resistance at $60000

The price of Bitcoin jumped towards its all-time high on Friday morning after a Bloomberg report said the US Securities and Exchange Commission (SEC) is set to allow...

15 Oct 2021

Bitcoin heads towards $60,000 with ETF approval on the horizon
Bitcoin heads towards $60,000 with ETF approval on the horizon

The price of Bitcoin resumed its path higher on Thursday with markets still hopeful that a Bitcoin ETF, most likely based on Bitcoin Futures, will be approved by...

14 Oct 2021

Bitcoin price rises to highest since 12th May
Bitcoin price rises to highest since 12th May

The price of Bitcoin jumped above $57,600 on Tuesday morning to reach its highest level since 12th May, while most other major cryptocurrencies were nursing losses...

12 Oct 2021

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
AvaTrade information and reviews
AvaTrade
76%
LegacyFX information and reviews
LegacyFX
75%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.