Paxos Standard
Market Open
9 Jun, 14:22
$
0. 997100
-0.0003
-0.0301%
$
651 Volume
$ 0.9974
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PAXUSD Overview
PAXUSD denotes the market price of Paxos Standard (PAX) expressed in US dollars, showing how much one unit of the Paxos-issued stablecoin is worth in USD on trading venues and over-the-counter markets.
Paxos Standard is a dollar-backed stablecoin issued by Paxos Trust Company and introduced in 2018. It is an ERC-20 token on the Ethereum blockchain (and available on other chains via token bridges), issued by a regulated trust and backed by reserves intended to be held in fiat and cash equivalents. Supply is elastic and driven by issuance and redemptions rather than a fixed cap.
The quoted PAXUSD rate is formed by market supply and demand on exchanges, liquidity provision, arbitrage activity and sentiment around counterparty and regulatory risk. On most platforms it trades very close to its one-to-one peg, though temporary deviations can arise from order book depth, withdrawal and redemption frictions, or broader macro and crypto-market stress.
PAXUSD matters as a USD proxy for traders and institutions that need to move value on-chain, hedge crypto exposure, or settle positions without converting to bank deposits. It is commonly used as a quote or base currency, a settlement medium across venues, and as collateral in trading and decentralized finance.
While designed for price stability, actual PAXUSD spreads and liquidity vary by venue; monitoring order book depth and redemption terms remains important for active users.
Paxos Standard is a dollar-backed stablecoin issued by Paxos Trust Company and introduced in 2018. It is an ERC-20 token on the Ethereum blockchain (and available on other chains via token bridges), issued by a regulated trust and backed by reserves intended to be held in fiat and cash equivalents. Supply is elastic and driven by issuance and redemptions rather than a fixed cap.
The quoted PAXUSD rate is formed by market supply and demand on exchanges, liquidity provision, arbitrage activity and sentiment around counterparty and regulatory risk. On most platforms it trades very close to its one-to-one peg, though temporary deviations can arise from order book depth, withdrawal and redemption frictions, or broader macro and crypto-market stress.
PAXUSD matters as a USD proxy for traders and institutions that need to move value on-chain, hedge crypto exposure, or settle positions without converting to bank deposits. It is commonly used as a quote or base currency, a settlement medium across venues, and as collateral in trading and decentralized finance.
While designed for price stability, actual PAXUSD spreads and liquidity vary by venue; monitoring order book depth and redemption terms remains important for active users.
PAXUSD Chart
PAXUSD FAQ
What is the current Paxos Standard price?
The current price is $0.997100, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.0003 (-0.0301%), showing how much the asset has moved compared to the previous close.
What is the previous close for Paxos Standard?
The previous close was $0.997400, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-0.0301%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.997000) and highest ($1.000300) prices traded during the selected period, helping assess volatility.
Why is Paxos Standard (PAX) moving today?
Price movements in Paxos Standard are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.997100) is below the previous close ($0.997400), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Paxos Standard?
You can view real-time charts, price updates, and market data for Paxos Standard (PAX) directly on this page.
