Growing Demand for PAX around the World

Dorothy Jean Chang
Apr 30, 2019 · 2 min read

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%. Our all-time transaction volume crossed the $18 billion mark last Sunday, and transaction volume for the past week alone surged past $1 billion, an 81% increase over the week before.

PAX Weekly Metrics, April 22–28, 2019

This surge in market cap and transaction volume is an indicator of the growing market demand from both retail and institutional clients for a regulated stablecoin.

And that demand has also extended to our partners. The Paxos ecosystem continues to grow in a meaningful way. In addition to the 90+ exchanges, wallets, payments providers and other platforms that have PAX integrated, Ontology (one of the fastest-growing blockchains) announced that PAX was chosen as the exclusive stablecoin to launch on their platform.

Ontology’s co-founder, Andy Ji, said: “The launch of PAX on the Ontology blockchain will accelerate real business applications on Ontology, create more success stories of traditional businesses shifting to distributed businesses, and provide enterprise partners and institutional investors with a regulated, reliable, and safe gateway to the world of digital assets.”

PAX is the first stablecoin issued by a regulated trust company. We are committed to continuing to expand PAX’s burgeoning partner ecosystem and helping to build a more trustworthy infrastructure for public blockchains. We’re excited about this momentum and can’t wait for all there is to come.

Follow @PaxosStandard on Twitter for more timely updates and our weekly metrics, usually published every Tuesday.

Paxos

Paxos is on a mission to modernize finance by mobilizing…

Dorothy Jean Chang

Written by

VP of marketing & comms at @Paxos. Formerly Foursquare, dorothyPR, BrewPR, Edelman, Yale.

Paxos

Paxos

Paxos is on a mission to modernize finance by mobilizing assets at the speed of the internet.

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