Pax Dollar to Ethereum correlation
ETH and USDP are not correlated to each other as ETH’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 $1 regardless of the market conditions. Hence, ETH and USDP do not share a strong relationship.
Live USDP Price Change and Market Cap
As of now, the USDP price is 0$. The 24-hour change according to the USDP price chart is 0.00%. The total market capitalization of Pax Dollar today is $0 with a circulation supply of 0 USDP. In the previous 24 hours, the Pax Dollar price hit highs of 0$ and lows of 0$.
Pax Dollar Price Prediction
Pax Dollar is a stablecoin launched by the Paxos. As the value of USDP is backed by the US Dollar, the price will not go through any changes. The peg is in the ratio of 1:1 which means that USDP price will always be equal to $1 in any given time regardless of the market conditions. So, in the short-term and even in the long-run the Pax Dollar price will remain more or less the same.
USDP to ETH exchange margin
The closing conversion rate for USDP to ETH yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 USDP to ETH would result in an output of 0$.
How to convert Pax Dollar to Ethereum
Pax Dollar and Ethereum comparison
Ethereum is a decentralized blockchain network proposed by Vitalik Buterin in the year 2014. Ethereum gave the much-needed breakthrough for the blockchain industry with the introduction of smart contracts and development of DApps. Ethereum laid the foundation for the second generation of the blockchain which opened many opportunities rather than sticking to the transaction of money.
Pax Dollar 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.
What is Pax Dollar?
Previously known as Paxos Standard, Pax Dollar is a stablecoin — a token the price of which is pegged to another currency, in USDP's case it is USD.
Pax Dollar is an ERC-20 token and USDP is its trading ticker. It can be held or traded similarly to other cryptocurrencies. The value of 1 BUSD will always be equal to $1 regardless of the market conditions. Paxos acts as the custodian for the US Dollars that back the USDP and has an appropriate license.
Pax Dollar to Ethereum price details
USDP to ETH Conversion Rate and Price
At the moment, the conversion rate for 1 USDP equals to 0$. The 24-hour highest price of Pax Dollar in relation to ETH was 0$ and the lowest was 0$. In short, USDP price in relation to ETH changed by 0.00%.
Instantly Exchange USDP to ETH
On ChangeHero you can instantly exchange Pax Dollar to Ethereum without registrations. You can easily convert USDP to ETH in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDP to ETH exchange.
USDP to ETH Best Rate Exchange
In the the Best Rate exchange of Pax Dollar to Ethereum, we search through various exchanges for the USDP to ETH pair and find the best rate available in the market. We provide you with an estimation of the amount of ETH you will receive.
As soon as you accept the terms and the USDP is deposited, the exchange will be automatically processed. We remind you that the final amount of ETH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDP to ETH.
USDP to ETH Fixed Rate Conversion
In the the Fixed Rate exchange of Pax Dollar to Ethereum, ChangeHero finds a good rate for the pair USDP to ETH and fix the rate for up to 15 minutes. In the Best Rate exchange of USDP to ETH, you will receive the exact amount of ETH 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 ETH address. ChangeHero is the best place to exchange USDP to ETH fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDP to ETH?
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 USDP to ETH?
No, you do not require an account to swap USDP to ETH on ChangeHero. There will be no registrations for your Pax Dollar to Ethereum transaction.
Do I need to go through KYC procedures for USDP to ETH exchange?
There will be no KYC for the USDP to ETH 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 ETH to USDP?
Yes, you can instantly exchange ETH to USDP on ChangeHero.
Buy and sell Ethereum
Looking to top-up your ETH? Now on ChangeHero, you can buy ETH with a Visa or Mastercard in a few simple steps. You can also sell your ETH to USD and EUR. In any case, on ChangeHero you will give you the best rates and seamless experience.
