About Pax Dollar
Pax Dollar (previously Paxos Standard) is a regulated crypto asset. It is fully collateralized 1:1 by the U.S. dollar, approved and regulated by the NYDFS, and enables instantaneous transactions.
Pax Dollar Features
- TRUSTED. Paxos is a Trust company, regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets. Paxos Standard is the first digital asset issued by a financial institution, and is fully collateralized by USD.
- STABLE. PAX will always be redeemable one-to-one with USD (1 PAX = $1 USD), providing a stable and common currency for digital transactions.
- AUDITED. The entire supply of PAX is collateralized by USD in dedicated omnibus cash accounts at FDIC-insured U.S. banks.
Pax Dollar Technical Details
- Blockchain Binance Chain, Ethereum
- Hash Algorithm None
- Org. Structure Centralized
- Development Status On-going development
- Hard Wallet Support Yes
Pax Dollar Organization & Team
Charles Cascarilla
CEO & Co-Founder
Andrew Chang
COO
Rich Teo
Co-Founder & CEO Asia
Nancy Dornbush
Global Head of Operations
Corey Wendling
SVP of Engineering
Daniel Burstein
General Counsel & Chief Compliance Officer
Seth Phillips
Executive Director of Post-Trade
Dorothy Chang
VP of Marketing & Comms
All images, branding and wording is copyright of Pax Dollar. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView.
