Monero to Pax Dollar correlation
XMR and USDP are not correlated to each other as XMR’s value depends on the supply and demand. Whereas, USDP is a stable coin which is backed by traditional fiats like the dollar and the euro. USDP’s value remains the same, which is $1 regardless of the market conditions. Hence, XMR and USDP do not share a strong relationship.
XMR Price Change and Market Cap
Currently, XMR price is 0$ and the 24-hour change is 0.00%. The market cap of Monero today is $0 with a total of 0 XMR in circulation. In the past 24 hours, XMR price peaked at 0$ and the least price was 0$.
Monero Price Prediction
XMR price during the initial years of its launch grew at a steady pace and there were no dramatic fluctuations. Monero price sky-rocketed in 2017 and recorded its all-time high, $495.84, on January 7, 2018. At the beginning of 2020, Monero price was just under $50. The first two months sparked hopes for a bull run in the community when the Monero price increased almost twofold. Bears were quick to hit the market once again in March following the economic recession and COVID-19 pandemic which lead to the fall of Monero price back to where it began the year 2020, which is around $50. By the end of June, the same year, the XMR price increased gradually to $60.
Monero price predictions suggest that by 2025 Monero price would be around $250 which is a very reasonable prediction considering the historical performance of XMR. In a more distant future, we may see Monero reach new heights. Monero is a unique offering from the crypto community to the masses to safeguard their identity while transacting money.
Monero Wallets
Still confused about which wallet to pick?
We recommend Trezor, CoolWallet S and Exodus wallet. Each of them has peculiarities and serve different purposes. In all of these wallets, you can store XMR, monitor live Monero prices and also exchange it from ChangeHero without leaving the application.
XMR to USDP exchange margin
The closing conversion rate for XMR to USDP yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 XMR to USDP would result in an output of 0$.
How to convert Monero to Pax Dollar
Monero and Pax Dollar comparison
Pax Dollar, previously Paxos Standard, belongs to a new domain of cryptocurrencies called stablecoins. Every USDP token is backed by the US Dollar at a 1:1 ratio which keeps its value equal to $1 regardless of the market conditions. The firm behind Pax Dollar publishes real-time data about the escrow accounts holding USD.
On the other hand, Monero is widely popular for its privacy-oriented features. Besides, Monero by default obfuscates the sending, receiving addresses and the amounts in a transaction making it almost impossible for anybody to connect them to a person in real-world.
What is Monero?
Monero is one of the first cryptocurrencies with a privacy-centric approach. Monero began with the whitepaper in 2013 by Nicolas van Saberhagen. Later, Bitcoin developers Gregory Maxwell and Andrew Poelstra joined the development. Finally, Monero was launched in April 2014, it runs completely with the support of community development and is completely decentralized.
Unlike other cryptocurrencies, Monero blockchain is designed to be opaque. Monero uses ring signatures, ring confidential transactions and stealth addresses to ensure the privacy of the users. Some of the noticeable features of Monero include fungibility which makes it impossible for companies to reject Monero due to the transaction history. Furthermore, Monero supports dynamic scalability in which there’s no pre-set block size limit. Monero trades with the ticker XMR and uses the Proof-of-Work consensus algorithm. Mining of Monero can be carried out with a personal computer and ASICs are not mandatory.
Monero to Pax Dollar price details
XMR to USDP Conversion Rate and Price
At the moment, the conversion rate for 1 XMR equals to 0$. The 24-hour highest price of Monero in relation to USDP was 0$ and the lowest was 0$. In short, XMR price in relation to USDP changed by 0.00%.
Instantly Exchange XMR to USDP
On ChangeHero you can instantly exchange Monero to Pax Dollar without registrations. You can easily convert XMR to USDP in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your XMR to USDP exchange.
XMR to USDP Best Rate Exchange
For the the Best Rate exchange of Monero to Pax Dollar, we search through various exchanges for the XMR to USDP pair and find the best rate available in the market. We provide you with an estimation of the amount of USDP you will receive.
As soon as you accept the terms and the XMR is deposited, the exchange will be automatically processed. We remind you that the final amount of USDP you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of XMR to USDP.
XMR to USDP Fixed Rate Conversion
For the the Fixed Rate exchange of Monero to Pax Dollar, ChangeHero finds a good rate for the pair XMR to USDP and fix the rate for up to 15 minutes. In the Best Rate exchange of XMR to USDP, you will receive the exact amount of USDP which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified USDP address. ChangeHero is the best place to exchange XMR to USDP fast and safe at the best rates.
Frequently asked questions
How long does it take to convert XMR to USDP?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange XMR to USDP?
No, you do not require an account to swap XMR to USDP on ChangeHero. There will be no registrations for your Monero to Pax Dollar transaction.
Do I need to go through KYC procedures for XMR to USDP exchange?
There will be no KYC for the XMR to USDP exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange USDP to XMR?
Yes, you can instantly exchange USDP to XMR on ChangeHero.