Paxos Standard logo

Paxos Standard


Trade Paxos Standard today

Create a Coinbase account to buy and sell Paxos Standard on the most secure crypto exchange.


Market stats

Market cap


Volume (24h)


Circulating supply

429.0M PAX

Typical hold time

9 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


About Paxos Standard

The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.

What is Pax Dollar?

Pax Dollar (USDP) is a stablecoin, a type of cryptocurrency designed to minimize price volatility. Launched in 2018 by Paxos, a regulated financial institution, Pax Dollar seeks to combine the stability of the U.S. dollar with the efficiency of blockchain technology. Each Pax Dollar token is issued as an ERC-20 token on the Ethereum blockchain and is collateralized 1:1 with the USD held in Paxos-owned U.S. bank accounts. This means that for every Pax Dollar token in circulation, there is an equivalent U.S. dollar held in reserve, providing a stable value for the token.

How does Pax Dollar work?

Pax Dollar operates on the Ethereum blockchain, following the ERC-20 protocol. This allows it to be transacted over the Ethereum blockchain in the same way as Ether or any other ERC-20 asset. If a user wants to redeem their USDP, they can send tokens to an address controlled by Paxos. Paxos will then destroy the tokens and transfer fiat currency to the user’s bank account. This process allows for the straightforward exchange of U.S. dollars for Pax Dollar tokens, providing users with the benefits of blockchain assets while minimizing price risk.

What are the potential use cases for Pax Dollar?

Pax Dollar seeks to improve the larger financial ecosystem by creating an efficient global network where all digital assets can be mobilized quickly, with a high level of flexibility and accessibility. It can be used as a means of exchange for other blockchain-based assets, providing a stable asset for transactions within and across asset classes. It can also be used as a hedge during times of volatility in the digital asset market, allowing investors to limit their exposure to digital asset volatility by holding assets in Pax Dollar. Furthermore, it can facilitate the settlement of assets with fiat currency outside of traditional banking hours, providing a more efficient and flexible solution for financial institutions and trading firms.

What is the history of Pax Dollar?

Pax Dollar was created by Charles Cascarilla and Rich Teo, co-founders of Paxos, in September 2018. Paxos, the company behind Pax Dollar, has a charter from the New York State Department of Financial Services, allowing it to offer regulated services within the crypto asset world. The token itself is backed by the USD in accounts that are held by the company at U.S. depository institutions. Since its inception, Pax Dollar has been striving to create a network where digital assets can be transferred with more flexibility.


The Defiant • Feb 21, 23

Aave and Maker Pull Back From Paxos Stablecoins

Fallout From ‘Tricky Situation’ at Stablecoin Issuer Hits DeFi Protocols

Read more

News Article Image

The Block • Jun 08, 22

New York’s financial regulator issues new guidance on dollar-backed stablecoins

The New York Department of Financial Services introduced new policies aimed at protecting stablecoin investors.

Read more

News Article Image

Paxos • May 13, 22

Understanding the Demise of UST and What Makes a Stablecoin Stable

Stablecoins are digital tokens backed by stable assets such as the US dollar, and were originally created for crypto investors to have an easy on- and off- ramp between fiat currencies and crypto. As stablecoin usage and market cap have increased, so has regulatory scrutiny. In particular, the reserve practices (or lack thereof) of various stablecoins have increasingly been in the spotlight - which brings us to the algorithmic stablecoin at the heart of the Terra ecosystem, UST.

Read more

News Article Image

Paxos • Apr 28, 22

Consumer Crypto Adoption Accelerates in LatAm: Impesa Chooses Paxos Crypto Brokerage to Add Crypto Services for Costa Rican Customers

The trend may have kicked off in El Salvador with Bitcoin becoming legal tender, but the mainstream adoption of digital assets is only accelerating across Latin America. We’re excited to share that Paxos Crypto Brokerage now powers the digital asset experience on Monibyte, a digital wallet app from IMPESA, a Costa Rican fintech and software […]

Read more

News Article Image

Paxos • Apr 13, 22

IEFA Conversation Series: Charles Cascarilla Sits Down with Matt Leising

Paxos CEO and Co-Founder Charles Cascarilla sat down with journalist Matt Leising to discuss how blockchain technology is changing the way money and value moves around the world. They also discussed how blockchain and digital assets will revolutionize the average person’s interactions with the financial system.

Read more

News Article Image

Paxos • Mar 28, 22

Deploying Dollars on the Blockchain

Watch Paxos Engineering leaders Ilan Gitter and Brent Perreault go in-depth on what it takes to build a stablecoin and deploy it on the blockchain!

Read more

News Article Image


Some highlights about Paxos Standard on social media

10 unique individuals are talking about Paxos Standard and it is ranked #2,424 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Paxos Standard has an average sentiment score of 1.2 out of 5. Finally, Paxos Standard is becoming more newsworthy, with 1 news articles published about Paxos Standard. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Paxos Standard. There were 50% of tweets with bullish sentiment compared to 30% of tweets with a bearish sentiment about Paxos Standard. 20% of tweets were neutral about Paxos Standard. These sentiments are based on 10 tweets.

On Reddit, Paxos Standard was mentioned in 0 Reddit posts and there were 0 comments about Paxos Standard. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush



10 people


15 posts



Volume rank


Average Sentiment

1.2 out of 5

News Articles



Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Paxos Standard is on the rise this week.

The price of Paxos Standard has risen by 0.11% in the past 7 days. The price declined by 0.96% in the last 24 hours. In just the past hour, the price shrunk by 0.90%. The current price is $0.99 per PAX. Paxos Standard is 51.03% below the all time high of $2.02.

The current circulating supply is 428,956,784.401 PAX.


What is the current price of Paxos Standard?

We update our Paxos Standard to USD currency in real-time. Get the live price of Paxos Standard on Coinbase.

What is the market cap of Paxos Standard?

The current market cap of Paxos Standard is $427.49M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Paxos Standard?

The all-time high of Paxos Standard is $2.02. This all-time high is highest price paid for Paxos Standard since it was launched.

What is the 24 hour trading volume of Paxos Standard?

Over the last 24 hours, the trading volume of Paxos Standard is $5.15M.

What other assets are similar to Paxos Standard?

Assets that have a similar market cap to Paxos Standard include Rollbit Coin, Coinbase Wrapped Staked ETH, Casper, and many others. To see a full list, see our comparable market cap assets.

How many Paxos Standard are there?

The current circulating supply of Paxos Standard is 429 million.

What is the typical holding time of Paxos Standard?

The median time that Coinbase customers hold Paxos Standard before selling it or sending it to another account or address is 9 days.

What is the relative popularity of Paxos Standard?

Paxos Standard ranks 221 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Paxos Standard?

Currently, 80% of Coinbase users are buying Paxos Standard. In other words, 80% of Coinbase customers have increased their net position in Paxos Standard over the past 24 hours through trading.

Can I buy Paxos Standard on Coinbase?

Yes, Paxos Standard is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Paxos Standard guide.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on Check out some of the most popular ENS profiles below.