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New $PAX holders - Get $75 in PAX and other benefits! Visit http://www.paxos.com/standard for more details. Terms & conditions apply.
Paxos
Pax Dollar - The Worlds Leading Regulated Stablecoin
Move US Dollars instantaneously, anytime, across borders. Paxos and USDP are regulated by the New York State Department of Financial Services. 100% cash reserves.
All-time transaction volume for $PAX increased from $15b to $16b in just a week. Here are more details
$17b all-time transaction volume in $PAX! Our latest weekly metrics is here.
#stablecoin
#stablecoin
$PAX market cap is up 50% and trading volume is up 81%!https://medium.com/paxos/growing-demand-for-pax-around-the-world-455a0a2db01
Medium
Growing Demand for PAX around the World
It’s been a big week for Paxos and our Paxos Standard (PAX) stablecoin! Over the past week, the market cap of PAX has increased nearly 50%…
Fresh from The Economist - more than $40million inflows for $PAX since April 25th. But we’re actually up more than $60million now! There’s growing market demand for a regulated stablecoin like PAX.
https://www.economist.com/finance-and-economics/2019/05/04/concern-about-cryptocurrencies-could-lead-regulators-to-crack-down
https://www.economist.com/finance-and-economics/2019/05/04/concern-about-cryptocurrencies-could-lead-regulators-to-crack-down
The Economist
Concern about cryptocurrencies could lead regulators to crack down
Tether’s resilience masks investor unease about the exchange that hosts it
Happy 4-yr “Trust”-versary to Paxos! Check out the original story from The New York Times back in the day... Paxos has been pioneering and trustworthy from the beginning.
https://www.nytimes.com/2015/05/08/business/dealbook/bitcoin-exchange-receives-first-license-in-new-york-state.html
https://www.nytimes.com/2015/05/08/business/dealbook/bitcoin-exchange-receives-first-license-in-new-york-state.html
NY Times
Bitcoin Exchange Receives First License in New York State
The exchange, itBit, said it was taking on customers after receiving a banking trust charter from Benjamin Lawsky, the state’s financial regulator.
Our $PAX April attestation is out. There’s $160,737,039.03 PAX in circulation and $160,737,039.03 USD in our FDIC-insured bank reserves. $PAX is as stable as ever and 1:1 with USD. Read the reports here: https://lnkd.in/gt9hZFD
Paxos
Attestation | Paxos
Monthly Attestation Reports Paxos Trust Company has engaged Withum, a nationally top-ranking auditing firm, to independently verify at specific points in time that the entire supply of Paxos Standard tokens is consistent with USD in reserve accounts at U.S.…
It’s been another big week! Our $PAX weekly metrics show the volume of more than $1.2 billion and a market cap of more than $184 million!
$PAX users have been busy in May. Our all-time transaction volume surpassed $20 billion and market cap hit more than $194M last Sunday. Check out all the $PAX details here