USD Coin to Pax Dollar correlation
Both USDC and USDP are stablecoins that are pegged to the US Dollar in a 1:1 ratio. Therefore, the correlation between them is 1:1 as well. Minor difference can occur due to them being traded on different markets.
Live USD Coin Price Change and Market Cap
Currently, the USDC price is 0$. According to the USD Coin price chart, the 24-hour change is 0.00%. The total market capitalization of USD Coin is $0 with 0 USDC in circulation. In the previous 24 hours, the USD Coin price hit highs of 0$ and lows of 0$.
USD Coin Price Prediction
Unlike most other cryptocurrencies, USD Coin’s value is not influenced by the market supply and demand but regulated through a reserve. USD Coin is a stable coin which is backed by the US Dollar. The peg is in the ratio of 1:1 which keeps the USD Coin price at $1 all the time. USD Coin price will remain unchanged even in the long run as there is little to no impact of the market conditions on USDC.
USDC to USDP exchange margin
The closing conversion rate for USDC to USDP yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 USDC to USDP would result in an output of 0$.
How to convert USD Coin to Pax Dollar
USD Coin and Pax Dollar comparison
Pax Dollar, previously Pax Standard (PAX), 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.
USD Coin was developed by the consortium of Circle and Coinbase. USDC is a stablecoin issued on the Ethereum network. USD coin is backed by the US Dollar to maintain the price of the token at $1. Monthly audits of the collateral are published to ensure transparency. Basically, the only difference between the two stablecoins is in the contract and issuers.
What is USD Coin?
Though Bitcoin is the most valuable cryptocurrency, its volatility poses a barrier for the enthusiasts to enter the crypto market. Stablecoins fix this issue by offering cryptocurrencies that are not volatile and hold consistent value. USD Coin is one such cryptocurrency that is backed by the US Dollar. The peg is at the ratio of 1:1 and the value of 1 USDC will always remain the same which is $1 per USDC coin.
USDC was issued on the Ethereum network by Circle and Coinbase. Monthly reports on the reserves are published to keep the project transparent and trust-worthy. USDC is mostly used by the users to either enter or exit the cryptocurrency market without any volatility. USDC can also be traded similar to other cryptocurrencies and it also powers cheaper transactions across borders.
USD Coin to Pax Dollar price details
USDC to USDP Conversion Rate and Price
Currently, the conversion rate for 1 USDC equals to 0$. The 24-hour highest price of USD Coin in relation to USDP was 0$ and the lowest was 0$. In short, USDC price in relation to USDP changed by 0.00%.
Instantly Exchange USDC to USDP
On ChangeHero you can instantly exchange USD Coin to Pax Dollar without signup. You can easily convert USDC to USDP in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDC to USDP exchange.
USDC to USDP Best Rate Exchange
In the the Best Rate exchange of USD Coin to Pax Dollar, we search through various exchanges for the USDC 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 USDC 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 USDC to USDP.
USDC to USDP Fixed Rate Conversion
In the the Fixed Rate exchange of USD Coin to Pax Dollar, ChangeHero finds a good rate for the pair USDC to USDP and fix the rate for up to 15 minutes. In the Best Rate exchange of USDC 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 USDC to USDP fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDC 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 USDC to USDP?
No, you do not require an account to swap USDC to USDP on ChangeHero. There will be no registrations for your USD Coin to Pax Dollar transaction.
Do I need to go through KYC procedures for USDC to USDP exchange?
There will be no KYC for the USDC 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 USDC?
Yes, you can instantly exchange USDP to USDC on ChangeHero.
