Pax Dollar to Monero correlation
XMR and USDP are not correlated to each other as XMR’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 $1 regardless of the market conditions. Hence, XMR and USDP do not share a strong relationship.
Live USDP Price Change and Market Cap
As of now, the USDP price is 0$. 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 $1 in any given time regardless of the market conditions. So, in the short-term and even in the long-run the Pax Dollar price will remain more or less the same.
USDP to XMR exchange margin
The closing conversion rate for USDP to XMR yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 USDP to XMR would result in an output of 0$.
How to convert Pax Dollar to Monero
Pax Dollar and Monero comparison
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.
On the other hand, Monero is widely popular for its privacy-oriented features. Besides, Monero by default obfuscates the sending, receiving addresses and the amounts in a transaction making it almost impossible for anybody to connect them to a person in real world.
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 $1 regardless of the market conditions. Paxos acts as the custodian for the US Dollars that back the USDP and has an appropriate license.
Pax Dollar to Monero price details
USDP to XMR Conversion Rate and Price
At the moment, the conversion rate for 1 USDP equals to 0$. The 24-hour highest price of Pax Dollar in relation to XMR was 0$ and the lowest was 0$. In short, USDP price in relation to XMR changed by 0.00%.
Instantly Exchange USDP to XMR
On ChangeHero you can instantly exchange Pax Dollar to Monero without registrations. You can easily convert USDP to XMR in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your USDP to XMR exchange.
USDP to XMR Best Rate Exchange
In the the Best Rate exchange of Pax Dollar to Monero, we search through various exchanges for the USDP to XMR pair and find the best rate available in the market. We provide you with an estimation of the amount of XMR 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 XMR you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of USDP to XMR.
USDP to XMR Fixed Rate Conversion
In the the Fixed Rate exchange of Pax Dollar to Monero, ChangeHero finds a good rate for the pair USDP to XMR and fix the rate for up to 15 minutes. In the Best Rate exchange of USDP to XMR, you will receive the exact amount of XMR 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 XMR address. ChangeHero is the best place to exchange USDP to XMR fast and safe at the best rates.
Frequently asked questions
How long does it take to convert USDP to XMR?
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 XMR?
No, you do not require an account to swap USDP to XMR on ChangeHero. There will be no registrations for your Pax Dollar to Monero transaction.
Do I need to go through KYC procedures for USDP to XMR exchange?
There will be no KYC for the USDP to XMR 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 XMR to USDP?
Yes, you can instantly exchange XMR to USDP on ChangeHero.