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Paxos Standard

PAX

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Market

Market stats

Market cap

$179.3M

Volume (24h)

$6.1M

Circulating supply

179.4M PAX

Typical hold time

9 days

Popularity

#317

All time high

$1.11

Price change (1h)

+0.02%

Price change (24h)

-1.83%

Price change (7d)

-1.86%

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.

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.

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Paxos Standard is on the decline this week.

The price of Paxos Standard has increased by 0.02% in the last hour and decreased by 1.83% in the past 24 hours. Paxos Standard’s price has also fallen by 1.86% in the past week. The current price is $0.99 per PAX with a 24-hour trading volume of $6.07M. Currently, Paxos Standard is valued at 10.76% below its all time high of $1.11. This all-time high was the highest price paid for Paxos Standard since its launch.

The current circulating supply of Paxos Standard is 179,387,756.981 PAX which means that Paxos Standard has as total market cap of 179,387,756.981.

FAQ

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 $179.26M. 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 $1.11. 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 $6.07M.

What other assets are similar to Paxos Standard?

Assets that have a similar market cap to Paxos Standard include Fusionist, Art de Finance, WAX, 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 179 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 238 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.

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