Live PAX Price
Paxos Standard price at the moment is $1.00 with a circulation supply of 795409936.81 PAX.
Paxos Standard Token price chart
Live PAX Price Change and Market Cap
At the moment, PAX price is $1.00. The 24-hour change as seen in the PAX price chart is 0.09%. The total market capitalization of Paxos Standard Token is $796556944.44 with a circulation supply of 795409936.81 PAX and the trading volume (24H) is $739673.81. In the last 24 hours, Paxos Standard price hit highs of $1.00 and lows of $1.00.
Paxos Standard Price Prediction
Unlike the traditional cryptocurrencies, Paxos Standard is a stablecoin whose value is backed by a reserve. PAX is backed by the US Dollar in a 1:1 ratio, this keeps the price of Paxos Standard equal to $1 and the market conditions will have little to no effect on its price. As a result, Paxos Standard price will be the same even in the long run.
Paxos Standard Exchange
On ChangeHero, you can exchange Paxos Standard against a wide range of cryptocurrencies. For your Paxos Standard exchange, we offer two types of rates – Best Rate, Fixed Rate. In the Best Rate Paxos Standard Token exchange, you will be given the best available rate in the market. Please note that the final amount of crypto you receive may vary slightly from the estimate. In the Fixed Rate Paxos Standard exchange, we fix a good rate for 15 minutes, it’s the best way to avoid volatility during the Paxos Standard exchange. Either way, we process your Paxos Standard exchange in a matter of minutes and send crypto safely to your wallet.
How to exchange Paxos Standard Token
ENTER THE AMOUNT & PROVIDE YOUR ADDRESS
Confirm your transaction
Wait for the exchange to complete
What is Paxos Standard?
Rookies often complain about the volatility and how fickle cryptocurrencies are. There is a whole new category called Stablecoins which are specifically aimed at limiting the fluctuations and maintaining a stable value. Paxos Standard is a popular stablecoin developed in 2018 by Paxos, a New York-based financial institution.
Unlike other cryptocurrencies, Paxos Standard is backed by the US Dollar at a ratio of 1:1. This means, at any given point of time, the price of Paxos Standard will always be $1. Paxos Standard is an ERC-20 token and trades with the ticker PAX. Paxos Standard is widely used to enter or exit the market and also as a store of value to avoid market fluctuations. Paxos publishes regular audit reports of the fiat currency backing PAX. Moreover, Paxos Standard is certified by the New York State Department of Financial Services which adds legitimacy to the project.