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How to Buy Paxos Standard
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About Paxos Standard
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
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10/18/2025, 9:21:30 PM
Market Stats
Market Cap
$63.23M
-0.06%
FDV
$63.23M
Circ. Supply
63M PAX
Max Supply
Not enough data
Total Supply
63M PAX
Diluted Valuation
$63.21M
Performance
Popularity
#437
Dominance
0%
Volume (24H)
$984.41K
-77.88%
Volume (7D)
$7.36M
Volume (30D)
$59.48M
All time high
$687.00
Price Change (1Y)
-0.08%
Additional details
Market details
PAX vs markets
↘ 37.65%
PAX vs BTC
↘ 36.11%
PAX vs ETH
↘ 31.67%
Tags
store-of-value
stablecoin
asset-backed-stablecoin
usd-stablecoin
+2
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8E870D67F660D95d5be530380D0eC0bd388289E1 | |
BNB Smart Chain | 0xb7F8Cd00C5A06c0537E2aBfF0b58033d02e5E094 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.00 | ↗ 0.04% |
1 Day | $1.00 | ↗ 0.04% |
1 Week | $1.00 | ↗ 0.33% |
1 Month | $1.00 | ↗ 0.05% |
1 Year | $1.00 | ↘ 0.08% |
FAQ
Pax Dollar (USDP) is a stablecoin, a type of cryptocurrency designed to minimize price volatility. Launched in 2018 by Paxos, a regulated financial institution, Pax Dollar seeks to combine the stability of the U.S. dollar with the efficiency of blockchain technology. Each Pax Dollar token is issued as an ERC-20 token on the Ethereum blockchain and is collateralized 1:1 with the USD held in Paxos-owned U.S. bank accounts. This means that for every Pax Dollar token in circulation, there is an equivalent U.S. dollar held in reserve, providing a stable value for the token.
Pax Dollar operates on the Ethereum blockchain, following the ERC-20 protocol. This allows it to be transacted over the Ethereum blockchain in the same way as Ether or any other ERC-20 asset. If a user wants to redeem their USDP, they can send tokens to an address controlled by Paxos. Paxos will then destroy the tokens and transfer fiat currency to the user’s bank account. This process allows for the straightforward exchange of U.S. dollars for Pax Dollar tokens, providing users with the benefits of blockchain assets while minimizing price risk.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.