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Paxos Standard (PAX)

36 Articles 3 Followers

Paxos Standard (PAX) is a stablecoin that was launched in 2018 by Paxos. The token is listed on over 90 exchanges, Over-the-Counter (OTC) desks and wallets, making it one of the most widely available stablecoins in the market. 

With the goal of enabling a “frictionless global economy”, the Paxos Standard is one of many products launched by Paxos with the intention of expediting the arrival of decentralized economies.

The Paxos Standard is an ERC-20 token, which gives it the advantages that come with a protocol that allows for smart contract capabilities, including an increased number of use cases and wallet support from any wallet that supports the ERC-20 standard. 

Paxos releases monthly attestation reports to prove that it does have the funds to back each PAX token. The team says that all customer funds are held in segregated accounts at FDIC-insured, US-domiciled banks. Paxos is approved and regulated by the New York State Department of Financial Services (NYSDFS). 

Paxos has spent the early months of 2019 implementing new features and bringing the stablecoin to more payments systems, lending platforms, exchanges and wallets. New features include immediate redemption of tokens and auto-transfer of funds.


Paxos - Regulated Blockchain Infrastructure Platform Review

1 Sep 2022 4 minute read 2 comments Heath Muchena

What is Paxos? Operated by Paxos Trust Company, LLC - a New York State chartered limited purpose trust company, Paxos offers blockchain solutions to help tokenize, custody, trade and settle assets for enterprise clients.  Paxos is regulated by the Ne...

PAX GOLD in the top 10 tokens bought among the 2000 largest whales on Ethereum

9 Jul 2022 3 minute read 0 comments MakeItReal

Hello HODLers! Today I share with you a somewhat particular insight, as we are talking about Pax Gold, the stablecoin anchored to the value of gold (the value of Pax Gold is programmed in such a way as to equal the market price of gold). Why are we t...

Altcoin Spotlight: What is Paxos?

30 Jun 2022 4 minute read 1 comment MintDice.com

Paxos is a cryptocurrency company you have likely heard of before. Known for its blockchain protocols, it should come as no surprise that Paxos has its own cryptocurrency token known as PAX. PAX is a stablecoin invented by the company Paxos and it i...

FATExFi: MATIC Pre-Launch FAIR Token Swap

28 Apr 2022 5 minute read 0 comments FATExDAO

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10 Feb 2022 5 minute read 0 comments Cje95

In an interesting move that caught many off guard, myself included, Binance announced it has taken a $200 million stake in Forbes which is going public via SPAC in Q1 of this year. Binance is actually replacing half of the money institutional investo...

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13 Dec 2021 1 minute read 0 comments busyjordy

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1 Jul 2021 2 minute read 1 comment Nas.A

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Is this the level of support expected from Celsius Network? - School boy error follow-up!

14 Mar 2021 3 minute read 28 comments PVMihalache

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Paxos Partners with Chainlink to Boost DeFi Adoption

15 Jan 2021 1 minute read 2 comments Abhimanyu Krishnan

Paxos (PAX) has partnered with oracle provider Chainlink (LINK) to boost the adoption of its assets in the DeFi market, as revealed in a press release issued on Jan. 14. The initial integration sees the DeFi market gets price feed data on Paxos (PAX...

MakerDAO Votes to Add GUSD and PAXG as Collateral

2 Nov 2020 1 minute read 7 comments Abhimanyu Krishnan

On October 29, the MakerDAO governance community successfully passed two proposals on the addition of Gemini Dollar (GUSD) and PAX Gold (PAXG) as collateral. The two assets will now be put up for executive votes within the next 30 days. Voting for G...