Exchange Paxos Standard Token (PAX)
If you're looking to swap Paxos Standard Token, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Paxos Standard Token or some fresh information about PAX’s price movements. And, of course, we provide you with the multiple Paxos Standard Token exchange options so that you can choose the offer with the best rates and lowest Paxos Standard Token fees, as well as other parameters that suit you.
Paxos Standard Token Price Stats
To help you make a decision about exchanging your Paxos Standard Token, we gathered some cold hard numbers: Paxos Standard Token price chart and other stats, such as Paxos Standard Token market cap.
24H HIGH $1.0016375
PAX MARKET CAP $917,359,419.991
CIRCULATING SUPPLY 915,859,695.51 PAX
24H LOW $1.0016375
PAX PRICE $1.0016375
24H VOLUME $0
Paxos Standard Token Price Chart
Here you can see the current price of Paxos Standard Token, as well as Paxos Standard Token price history.
What is Paxos Standard Token?
Paxos Standasd — or PAX — is an ERC-20 stablecoin created by the Paxos Trust Company. PAX maintains a 1:1 ratio to the US Dollar with the reserves to back up the token stored, audited, and protected by the company. With the stablecoin fully backed by an equivalent amount of USD, it can be redeemed for US Dollars at any time. The token — referred to as the “digital dollar” by its creators — was first issued in late 2018 and has since been officially regulated by the New York State Department of Financial Services (NYDFS). This means that Paxos has to meet strict NYDFS requirements and undergo regular exams to ensure maximum protection to its customers’ funds. PAX was created by a team of former Silicon Valley and Wall Street workers lead by CEO Charles Cascarilla after the infamous Tether controversy as a fully-transparent alternative to USDT. The company’s vision was to develop an all-encompassing global network that would facilitate the instant and simple exchange of crypto-assets between all users, making blockchain a commodity. PAX is designed to increase its use cases as the token grows. According to the Paxos official website, the current goal of PAX is to limit the volatility of crypto assets and to remove the barriers between cross-currency transactions. In the upcoming years, the company expects to introduce PAX as a currency for consumer transactions and as a stable asset for countries with volatile national currencies. Withum, a US-based top-ranking auditing company, has been conducting monthly attestation reports meant to verify that the entire amount of PAX in circulation is equal to the amount of USD held in Paxos-owned bank accounts.
A Simple Way To Exchange Paxos Standard Token Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 1150 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.