Dynamic and history value of price PAX. Maximal value of price Paxos Standard was 1.005$ - 2020-10-22 22:00:07, Minimal price of PAX was 0.995$ value and fixed at 2020-10-26 17:00:10. Today price of Paxos Standard is : 0.9984$
Built on the Ethereum blockchain, it provides the advantages of encrypted assets; such as non-tamperable and decentralized accounting models. Because PAX is fully mortgaged in USD, PAX provides a digital currency alternative to cash liquidity, providing 24/7 transactions and full exchangeability. As a trust company, Paxos is a fully qualified custodian of client funds, providing clients with greater security than any other stablecoin. The Paxos Standard token is a new digital asset issued by the Paxos Trust Company and regulated by the New York Department of Financial Services, which is fully mortgaged in USD 1: 1. Paxos Standard will allow participants to combine the advantages of blockchain technology with the supervision of financial regulators to use reliable, secure, USD endorsement and denominated assets for transactions.