Paxos Reveals Assets Backing Stablecoins PAX, BUSD
Paxos's reserves consisted of only cash and U.S. Treasury bills.
Paxos Standard price
(PAX)
Share
Share
$0.99
+1.01%
Market stats
$936.2M
$10.1M
-11.23%
945.6M PAX
6 days
#45
$2.00
0%
+1.01%
-1%
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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.
Resources
Paxos Standard is on the decline this week.
The price of Paxos Standard has fallen by 1.00% in the past 7 days. The price increased by 1.01% in the last 24 hours. The current price is $0.99 per PAX. Paxos Standard is 50.50% below the all time high of $2.00.The current circulating supply is 945,642,940.11 PAX.Top stories
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