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(Redirected from Paxos Standard Token (PAX))

Total supply117,452,361 PAX


"The U.S. Securities and Exchange Commission (SEC) granted Paxos Trust Company no-action relief Monday to settle equity securities trades on a blockchain platform for broker-dealers. Paxos announced that Credit Suisse and Société Générale would be the first two companies to utilize the new Paxos Settlement Service, which would operate on a private and permissioned network."



Admin Keys


Audits & Exploits




Token allocation


Token Details

Paxos Gold (PAXG)

  • "PAX Gold (PAXG) is a digital asset. Each token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company."
  • "Paxos charges a small (1.0% - 0.02%) transaction fee, and the Ethereum network charges nominal gas fees (in Ethereum)."



  • Has BUSD, a partnership between Binance and Paxos. BUSD is issued by Paxos Trust Company, an NYDFS-regulated entity. It has burned more than $700 million of BUSD tokens since the SEC told it to cease BUSD (15-2-2023). The maneuver is a sign of investors exiting BUSD quickly. The $700 million redemption in a little more than a day represents some 6% of the total coins in circulation.


  • Previously, Paxos Standard Token (PAX), but got rebranded (25-8-2021).
  • from CMC:

"Paxos Standard (PAX) is a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens to 'transact at the speed of the internet'. It aims to meld the stability of the dollar with blockchain technology. Paxos, the company behind PAX, has a charter from the New York State Department of Financial Services, which allows it to offer regulated services in the crypto-asset space."

  • The Novi wallet will use Pax Dollars (20-10-2021) as the main currency during the test (instead of their own DIEM).

Coin Distribution


How it works





Other Details

Oracle Method

Privacy Method


"Launched in 2018 with a law enforcement backdoor. From their perspective, this was a criterion that had to be met in order for Paxos to be regulated as trust company by the NYDFS."

Their Other Projects


  • Is a sponsor of Coin Center (as of 6-2019) and a member of Hyperledger, however, Paxos is as well, so maybe not itBit itself specifically.


  • Can be found [Insert link here].


"Over the last 180 days, Paxos (PAX) has outgrown Omni-issued Tether (USDT), Ethereum-issued Tether (USDT_ETH), USD Coin (USDC) and TrueUSD (TUSD) in terms of daily transactions count. PAX has grown about 545% over the period, while USDT and USDT_ETH transactions count has actually slightly declined.

USDC, however, led the way in terms of adjusted transfer value growth. USDC grew by about 80%, while PAX was about even.”"

"40% of all PAX transactions relate to a Ponzi scheme called MMM BSC. Almost half of the transactions on the Paxos network represent 80% of activity. PAX’s daily volume is over $170 million."

Projects that use or built on it


Pros and Cons



  • Had investment from bankrupt Alameda Research/FTX, which came out (11-11-2022) during the FTX crash. This could mean fall-out risk since this $5M worth of equity will likely be sold due to bankruptcy.

Team, Funding, Partners



"The $300 million Series D was led by Oak, a growth capital firm focused on healthcare and fintech. Previous investors Declaration Partners, PayPal Ventures, Mithril Capital and others were also involved. Paxos announced a $142 million Series C in December 2020."



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