PAX Turns One!
A year ago today, Paxos Trust Company launched the Paxos Standard (PAX) stablecoin, the world’s first regulated crypto-asset fully collateralized 1:1 by the U.S. Dollar. We launched PAX to give…
Is Paxos audited?
Yes. We are regularly subject to examination by the NYDFS, and independent third-party auditors routinely audit our financials and assess our controls across financial reporting, operations, compliance and information security,…
Is Paxos regulated? What does that mean?
Yes, Paxos is a New York State-chartered trust company regulated by the New York State Department of Financial Services (NYDFS). As a trust company, Paxos is subject to a higher…
Growing Demand for PAX around the World
It’s been a big week for Paxos and our PaxosStandard (PAX) stablecoin! Over the past week, the market cap of PAX has increased nearly 50%. Our all-time transaction volume crossed…