Convert Paxos Standard PAX to Backed HIGH € High Yield Corp Bond BHIGH
1 PAX converts to 0.1381 BHIGH
Earn up to $2,000 when you buy $50 in crypto¹
Restrictions apply, see full terms.
Restrictions apply, see full terms.
About PAX and BHIGH
Paxos Standard is climbing, while Backed HIGH € High Yield Corp Bond is falling this week. The current PAX to BHIGH conversion rate is 0.1381. Inversely, this means that if you convert 1 BHIGH you will get 7.24 PAX. The conversion rate of PAX/BHIGH has decreased by 0.07% in the last hour (BHIGH/PAX increased by 0.07%). In the last 24 hours, PAX/BHIGH grew by 1%, while BHIGH/PAX shrunk by the same amount.
The exchange rate of Paxos Standard is increasing. The current value of 1 PAX is 0.1381 BHIGH. In other words, to buy 5 Paxos Standard, it would cost you 0.6907 BHIGH. Inversely, 1 BHIGH would allow you to trade for 7.24 PAX while 50 BHIGH would convert to 361.94 PAX, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.9%. Meanwhile, in the last 24 hours, the rate has changed by 0.99%, which means that the highest exchange rate of 1 PAX to BHIGH was 0.1383 BHIGH and the lowest 24 hour value was 1 PAX for 0.1362 BHIGH. Last month, 1 PAX was worth 0.1363 BHIGH. Today, it's up 1.32%. Looking back a year, Paxos Standard has changed by 0.1436 BHIGH. That means that in a single year, the value of Paxos Standard has shrank by 3.93%.
Paxos Standard Market Stats
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
Backed HIGH € High Yield Corp Bond Market Stats
What is the project about? Backed brings real-world assets (RWAs) such as stocks or ETFs to blockchain rails. For example, our product bHIGH tracks the iShares € High Yield Corp Bond UCITS ETF, representing an index of Euro-denominated high yield corporate bonds. What makes your project unique? Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy remote book-entry securities. History of your project. Backed was incorporated in 2021 in Switzerland due to the regulatory clarity the Swiss DLT Act provided to the project. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption on many different blockchains. What’s next for your project? Backed is working to create the standard for tokenization with a network of protocols benefitting from RWAs on-chain. What can your token be used for? Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat. bTokens are utilized by the likes of Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry to name a few. Disclaimer: Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates ("BlackRock"). BlackRock is not responsible in any way to bIB01 products. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. For a full list of prohibited and restricted countries and review of legal documentation, please visit (edited)
Conversion tables
PAX to BHIGH values from Today at 10:08 am
0.5 PAX = 0.06907 BHIGH |
1 PAX = 0.1381 BHIGH |
5 PAX = 0.6907 BHIGH |
10 PAX = 1.38 BHIGH |
50 PAX = 6.91 BHIGH |
100 PAX = 13.81 BHIGH |
500 PAX = 69.07 BHIGH |
1,000 PAX = 138.14 BHIGH |
BHIGH to PAX values from Today at 10:10 am
0.5 BHIGH = 3.62 PAX |
1 BHIGH = 7.24 PAX |
5 BHIGH = 36.19 PAX |
10 BHIGH = 72.39 PAX |
50 BHIGH = 361.94 PAX |
100 BHIGH = 723.88 PAX |
500 BHIGH = 3,619.42 PAX |
1,000 BHIGH = 7,238.85 PAX |
PAX to BHIGH over time
PAX | Today | 24H 0.99% | 1M 1.32% | 1Y -3.93% |
|---|---|---|---|---|
0.5 PAX | 0.06907 BHIGH | 0.06839 BHIGH | 0.06816 BHIGH | 0.07178 BHIGH |
1 PAX | 0.1381 BHIGH | 0.1368 BHIGH | 0.1363 BHIGH | 0.1436 BHIGH |
5 PAX | 0.6907 BHIGH | 0.6839 BHIGH | 0.6816 BHIGH | 0.7178 BHIGH |
10 PAX | 1.38 BHIGH | 1.37 BHIGH | 1.36 BHIGH | 1.44 BHIGH |
50 PAX | 6.91 BHIGH | 6.84 BHIGH | 6.82 BHIGH | 7.18 BHIGH |
100 PAX | 13.81 BHIGH | 13.68 BHIGH | 13.63 BHIGH | 14.36 BHIGH |
500 PAX | 69.07 BHIGH | 68.39 BHIGH | 68.16 BHIGH | 71.78 BHIGH |
1,000 PAX | 138.14 BHIGH | 136.78 BHIGH | 136.33 BHIGH | 143.57 BHIGH |
Frequently asked questions
Right now, 1 Paxos Standard is worth about $0.998.
Based on the current rate, you could get 1.00 PAX for 1 USD.
You can use our PAX to USD calculator at the top of this page to convert any amount of PAX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.01 PAX. Inversely, 5 PAX will cost about $4.99
Paxos Standard is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Paxos Standard.
There are a number of crypto assets that have the a similar or comparable market cap to Paxos Standard, including DEAPcoin, AI Analysis Token, and Alaya Governance Token. For a more robust list of assets to explore, jump to the asset page dedicated to Paxos Standard.
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