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.
Paxos Standard price
(PAX / USD)
Market stats
$945.0M
$64.8M
-71.57%
945.6M PAX
7 days
#32
$2.02
+0.08%
-0.05%
+0.03%
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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.
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Paxos Standard is on the rise this week.
The price of Paxos Standard has risen by 0.03% in the past 7 days. The price declined by 0.05% in the last 24 hours. In just the past hour, the price grew by 0.08%. The current price is $0.99935 per PAX. Paxos Standard is 50.53% below the all time high of $2.02.
The current circulating supply is 945,642,940.11 PAX.
Paxos Standard on social media.
Paxos Standard was mentioned in 73 out of 1,597,510 social media posts on Twitter and Reddit on Jun 27, 2022. 12 unique individuals are talking about Paxos Standard and it is ranked #1,320 in most mentions and activity from collected posts.
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Community updates
Top stories
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.
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 […]
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.
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!
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Comparable market cap
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