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About PAX and DAI
Paxos Standard is falling, while Dai is climbing this week. The current PAX to DAI conversion rate is 0.9989. Inversely, this means that if you convert 1 DAI you will get 1.00 PAX. The conversion rate of PAX/DAI has decreased by 0.05% in the last hour (DAI/PAX increased by 0.05%). In the last 24 hours, PAX/DAI shrunk by 0.19%, while DAI/PAX grew by 0.19%.
The exchange rate of Paxos Standard is decreasing. The current value of 1 PAX is 0.9989 DAI. In other words, to buy 5 Paxos Standard, it would cost you 4.9947 DAI. Inversely, 1 DAI would allow you to trade for 1.00 PAX while 50 DAI would convert to 50.05 PAX, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.3%. Meanwhile, in the last 24 hours, the rate has changed by 0.07%, which means that the highest exchange rate of 1 PAX to DAI was 1.03 DAI and the lowest 24 hour value was 1 PAX for 0.9976 DAI. Last month, 1 PAX was worth 0.9959 DAI. Today, it's up 0.3%. Looking back a year, Paxos Standard has changed by 0.9968 DAI. That means that in a single year, the value of Paxos Standard has grown by 0.21%.
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.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
PAX to DAI values from Today at 9:58 pm
0.5 PAX = 0.4995 DAI |
1 PAX = 0.9989 DAI |
5 PAX = 4.99 DAI |
10 PAX = 9.99 DAI |
50 PAX = 49.95 DAI |
100 PAX = 99.89 DAI |
500 PAX = 499.47 DAI |
1,000 PAX = 998.95 DAI |
DAI to PAX values from Today at 9:59 pm
0.5 DAI = 0.5005 PAX |
1 DAI = 1.00 PAX |
5 DAI = 5.01 PAX |
10 DAI = 10.01 PAX |
50 DAI = 50.05 PAX |
100 DAI = 100.11 PAX |
500 DAI = 500.53 PAX |
1,000 DAI = 1,001.05 PAX |
PAX to DAI over time
PAX | Today | 24H -0.07% | 1M 0.30% | 1Y 0.21% |
|---|---|---|---|---|
0.5 PAX | 0.4995 DAI | 0.4998 DAI | 0.498 DAI | 0.4984 DAI |
1 PAX | 0.9989 DAI | 0.9996 DAI | 0.9959 DAI | 0.9968 DAI |
5 PAX | 4.99 DAI | 5.00 DAI | 4.98 DAI | 4.98 DAI |
10 PAX | 9.99 DAI | 10.00 DAI | 9.96 DAI | 9.97 DAI |
50 PAX | 49.95 DAI | 49.98 DAI | 49.80 DAI | 49.84 DAI |
100 PAX | 99.89 DAI | 99.96 DAI | 99.59 DAI | 99.68 DAI |
500 PAX | 499.47 DAI | 499.81 DAI | 497.97 DAI | 498.42 DAI |
1,000 PAX | 998.95 DAI | 999.62 DAI | 995.93 DAI | 996.85 DAI |
Frequently asked questions
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.