Live Paxos Standard Token to Binance USD price
At the moment, 1 PAX equals to undefined BUSD. In the last 24 hours, the conversion rate for PAX to BUSD was highest at 1.001 BUSD and the lowest was 1 BUSD.
Chart PAX ke BUSD
Paxos Standard Token to Binance USD correlation
Both the Paxos Standard Token and Binance USD are stablecoins. Unlike other cryptocurrencies, they belong to a new genre of cryptocurrencies called Stablecoins and their price always remains equal to $1 all the time and the market conditions have little to no effect on them. There is no correlation or any relationship between Paxos Standard Token and Binance USD.
PAX to BUSD exchange margin
The closing conversion rate for PAX to BUSD yesterday was 0.9996 BUSD. Considering today’s exchange rate, a transaction of 1 PAX to BUSD would result in an output of undefined BUSD. Today, you will receive 0.9996 BUSD less to your wallet.
How to convert Paxos Standard Token to Binance USD
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Paxos Standard Token and Binance USD comparison
Paxos Standard is a stablecoin launched in 2018 by Paxos, a financial institution based in New York. Paxos Standard is backed by the traditional fiat currencies like USD in the ratio 1:1 which make its value stable all the time and 1PAX equals to $1. It was launched amidst the Tether controversy in which USDT was criticized for issuing tether out of thin air in 2018 without a proper backing by the assets. Paxos aims to resolve this by holding the collateral in FDIC-insured banks and also publishes reports of audits conducted. To add an extra layer of authenticity, Paxos is certified by the New York State Department of Financial Services. PAX is an ERC-20 token and can be used for cross-border transactions, making payments at merchants and also as a store of value.
Binance USD is a stablecoin launched by Binance in collaboration with Paxos. The stablecoin is backed by the US Dollar at a 1:1 ratio. PAX is the custodian for the dollars held to maintain the value of the token. This ensures the stable value of the Binance USD which is $1 per coin. It is an ERC-20 token and trades with the ticker BUSD. The stablecoin was also approved by the New York State Department of Financial Services (NYDFS) boosting its legitimacy. BUSD can be used to fund trades in the Binance exchange and also hedge in the event of volatility. Furthermore, BUSD is widely accepted as a method of payment among merchants and stores.
PAX and BUSD are popular in the cryptocurrency market. PAX has a total market cap of 244644593 USD with a circulation supply of 244951954 PAX. BUSD has a market cap of 1199157464 USD with 1199157464 BUSD in circulation.
Paxos Standard Token to Binance USD price details
PAX to BUSD Conversion Rate and Price
At the moment, the conversion rate for 1 PAX equals to undefined BUSD. The 24-hour highest price of Paxos Standard Token was 1.001 USD and the lowest was 0.999 USD. In the same period, Binance USD hit highs of 1.001 USD and lows of 0.9995 USD. In short, PAX price fell by -0.21087% and BUSD decreased by %.
Instantly Exchange PAX to BUSD
On ChangeHero you can instantly exchange Paxos Standard Token to Binance USD without signup. You can easily convert PAX to BUSD in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your PAX to PAX exchange.
PAX to BUSD Best Rate Exchange
In the the Best Rate exchange of Paxos Standard Token to Binance USD, we search through various exchanges for the PAX to BUSD pair and find the best rate available in the market. We provide you with an estimation of the amount of BUSD you will receive.
As soon as you accept the terms and the PAX is deposited, the exchange will be automatically processed. We remind you that the final amount of BUSD you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of PAX to BUSD.
PAX to BUSD Fixed Rate Conversion
In the the Fixed Rate exchange of Paxos Standard Token to Binance USD, ChangeHero finds a good rate for the pair PAX to BUSD and fix the rate for up to 15 minutes. In the Best Rate exchange of PAX to BUSD, you will receive the exact amount of BUSD 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 mentioned BUSD address. ChangeHero is the best place to exchange PAX to BUSD fast and safe at the best rates.