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 @BitpieWallet: Today, we are very pleased to announce a global strategic partnership with the world’s first regulated Stable Coin--PAX.…
1d
More than $1.4 billion $PAX was traded last week. Check out the $PAX metrics #stablecoin https://t.co/324xoTdLGo
1d
Fresh from @binance Stablecoin Report re: $PAX on @OntologyNetwork blockchain: “For Paxos, it would enable the comp… https://t.co/LgUQCewNDX
8d
$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
9d
RT @truechaingroup: We are very glad to work with @PaxosStandard (PAX) to launch stable coin on TrueChain. TrueChain to Launch Regulated US…
10d
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
11d
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
17d
A reminder to all: be careful out there! There are impersonators pretending to be Paxos and other brands you trust… https://t.co/GsPoyCr5so
17d
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
18d
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…
18d
RT @PaxosGlobal: You can use $PAX to book hotels around the world now! https://t.co/pwBhd3Qcjr
20d
RT @PaxosGlobal: Are you excited about #Consensus2019? Paxos is proud to be a Consensus sponsor. Use #Paxos discount code C19P300 for $300…
22d
Fresh from the @TheEconomist - more than $40million inflows for $PAX @PaxosStandard since April 25th. But we’re act… https://t.co/yBz9G1hy89
23d
@England_Lives @blockchain Yes indeed! Backed 100% by USD. Monthly attestations conducted by auditing firm… https://t.co/d2wxzkRfoG
25d
Exciting news! Starting today, but or send PAX directly through your @Blockchain wallet. 1 $PAX = 1 $USD, always.… https://t.co/eo7XK9XijT
25d
RT @dj: Demand for @PaxosStandard is growing around the world and we couldn't be more excited. Market cap is up 50%, trading volume is up 8…
25d
Now seems like a good time to remind you that $PAX is 100% backed by reserves held in FDIC-insured banks. Monthly a… https://t.co/aXTm7iezDb
25d
@epicoss @BinexNews @OntologyNetwork 100% backed and monthly attested- all reports are available here: https://t.co/FhX7xFU6v1
25d
RT @PaxosGlobal: Ontology will launch a $PAX backed stablecoin token on Ontology chain. https://t.co/Fo57NkCx04
26d
RT @coindesk: More than 10 million @PaxosStandard stablecoins were minted in the 18 hours after @NewYorkStateAG's bombshell allegations abo…
29d