Live Paxos Standard Token to USD coin price
Currently, 1 PAX equals to undefined USDC. In the last 24 hours, the conversion rate for PAX to USDC was highest at 1.002 USDC and the lowest was 0.9976 USDC.
Chart PAX ke USDC
Paxos Standard Token to USD coin correlation
Both the Paxos Standard Token and USD coin 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 USD coin.
PAX to USDC exchange margin
The closing conversion rate for PAX to USDC yesterday was 1 USDC. Considering today’s exchange rate, a transaction of 1 PAX to USDC would result in an output of undefined USDC. Today, you will receive 1 USDC less to your wallet.
How to convert Paxos Standard Token to USD coin
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Paxos Standard Token and USD coin 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.
USD coin is a stablecoin pegged to the US Dollar at a ratio of 1:1 which means the price of 1 USDC will always be equal to 1 US Dollar. USDC was developed jointly by Circle and Coinbase on the Ethereum network. For transparency, the details about the US Dollar reserves backing the USDC token were published every month. USDC can be the go-to choice as a store of value and avoid market volatility. It can be used to make cross-border transactions in minutes and can also be traded against other cryptocurrencies.
PAX and USDC are popular in the cryptocurrency market. PAX has a total market cap of 1188398716 USD with a circulation supply of 1189947713 PAX. USDC has a market cap of 14380555812 USD with 14380157844 USDC in circulation.
Paxos Standard Token to USD coin price details
PAX to USDC Conversion Rate and Price
Currently, the conversion rate for 1 PAX equals to undefined USDC. The 24-hour highest price of Paxos Standard Token was 1.001 USD and the lowest was 0.9988 USD. In the same period, USD coin hit highs of 1.001 USD and lows of 0.9996 USD. In short, PAX price fell by -0.006481% and USDC decreased by -0.014625%.
Instantly Exchange PAX to USDC
On ChangeHero you can instantly exchange Paxos Standard Token to USD coin without signup. You can easily convert PAX to USDC 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 USDC Best Rate Exchange
In the the Best Rate exchange of Paxos Standard Token to USD coin, we search through various exchanges for the PAX to USDC pair and find the best rate available in the market. We provide you with an estimation of the amount of USDC 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 USDC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of PAX to USDC.
PAX to USDC Fixed Rate Conversion
In the the Fixed Rate exchange of Paxos Standard Token to USD coin, ChangeHero finds a good rate for the pair PAX to USDC and fix the rate for up to 15 minutes. In the Best Rate exchange of PAX to USDC, you will receive the exact amount of USDC 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 USDC address. ChangeHero is the best place to exchange PAX to USDC fast and safe at the best rates.