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PAX/XAG: Convert Paxos Standard (PAX) to Silver (Troy Ounce) (XAG)
1 Paxos Standard equals XAG 0.0339 Silver (Troy Ounce)
Last update: 2:20 AM, June 19, 2024
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Overview
About Paxos Standard (PAX)
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.
Resources
How Paxos Standard (PAX) and Silver (Troy Ounce) (XAG) differ
Paxos Standard (PAX) and Silver (Troy Ounce) (XAG) are two distinct assets with unique characteristics. PAX is a stablecoin, a type of cryptocurrency that aims to minimize price volatility by being collateralized 1:1 with the USD held in Paxos-owned U.S. bank accounts. This means that for every PAX token in circulation, there is an equivalent amount of USD held in reserve, providing a stable value for the token. PAX operates on the Ethereum blockchain, allowing users to exchange U.S. dollars for PAX tokens, which can then be transacted over the Ethereum blockchain. On the other hand, Silver (Troy Ounce) (XAG) is a physical asset, a precious metal that has been used as a medium of exchange for thousands of years. Unlike PAX, the value of silver is not pegged to any currency and can fluctuate based on supply and demand dynamics in the global market. While PAX seeks to improve the larger financial ecosystem by creating a frictionless global network, silver serves as a tangible asset that can be used for a variety of purposes, including as a store of value, a medium of exchange, or a unit of account.
Paxos Standard Markets
Paxos Standard is falling this week.
The current price of Paxos Standard is XAG 0.0339 per PAX. With a circulating supply of 136,400,339.791 PAX, it means that Paxos Standard has a total market cap of XAG 4,631,717.64. The amount of Paxos Standard traded has fallen by XAG 21,261.80 in the last 24 hours, which is a 42.60% decrease. Additionally, in the last day, XAG 49,912.00 worth of PAX has been traded.
Market cap
£4.6M
Volume (24h)
£49,912.00
Circulating supply
136.4M PAX
Conversion tables
The exchange rate of Paxos Standard is decreasing.
The current value of 1 PAX is XAG 0.03 XAG. In other words, to buy 5 Paxos Standard, it would cost you XAG 0.17 XAG. Inversely, XAG 1.00 XAG would allow you to trade for 29.47 PAX while XAG 50.00 XAG would convert to 1,473.43 PAX, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.09%. Meanwhile, in the last 24 hours, the rate has changed by 0.01%, which means that the the highest exchange rate of 1 PAX to Silver (Troy Ounce) was 1.01 XAG and the lowest 24 hour value was 1 PAX for 0.9964 XAG. This time last month, the value of 1 PAX was XAG 0.03 XAG, which is a 0.04% increase from where it is now. Looking back a year, Paxos Standard has changed by -XAG 0.00 XAG.
PAX to XAG
Amount | Today at 2:20 am |
---|---|
0.5 PAX | XAG 0.0170 |
1 PAX | XAG 0.0339 |
5 PAX | XAG 0.1697 |
10 PAX | XAG 0.3393 |
50 PAX | XAG 1.6967 |
100 PAX | XAG 3.3934 |
500 PAX | XAG 16.9672 |
1,000 PAX | XAG 33.9345 |
XAG to PAX
Amount | Today at 2:20 am |
---|---|
0.5 XAG | 14.73 PAX |
1 XAG | 29.47 PAX |
5 XAG | 147.34 PAX |
10 XAG | 294.69 PAX |
50 XAG | 1,473.43 PAX |
100 XAG | 2,946.86 PAX |
500 XAG | 14,734.28 PAX |
1,000 XAG | 29,468.56 PAX |
Today vs. 24 hours ago
Amount | Today at 2:20 am | 24 hours ago | 24H Change |
---|---|---|---|
0.5 PAX | XAG 0.0170 | XAG 0.0170 | -0.01% |
1 PAX | XAG 0.0339 | XAG 0.0339 | -0.01% |
5 PAX | XAG 0.17 | XAG 0.17 | -0.01% |
10 PAX | XAG 0.34 | XAG 0.34 | -0.01% |
50 PAX | XAG 1.70 | XAG 1.70 | -0.01% |
100 PAX | XAG 3.39 | XAG 3.39 | -0.01% |
500 PAX | XAG 16.97 | XAG 16.97 | -0.01% |
1,000 PAX | XAG 33.93 | XAG 33.94 | -0.01% |
Today vs. 1 month ago
Amount | Today at 2:20 am | 1 months ago | 1M Change |
---|---|---|---|
0.5 PAX | XAG 0.0170 | XAG 0.0170 | -0.04% |
1 PAX | XAG 0.0339 | XAG 0.0339 | -0.04% |
5 PAX | XAG 0.17 | XAG 0.17 | -0.04% |
10 PAX | XAG 0.34 | XAG 0.34 | -0.04% |
50 PAX | XAG 1.70 | XAG 1.70 | -0.04% |
100 PAX | XAG 3.39 | XAG 3.39 | -0.04% |
500 PAX | XAG 16.97 | XAG 16.97 | -0.04% |
1,000 PAX | XAG 33.93 | XAG 33.95 | -0.04% |
Today vs. 1 year ago
Amount | Today at 2:20 am | 1 year ago | 1Y Change |
---|---|---|---|
0.5 PAX | XAG 0.0170 | XAG 0.0170 | +0.01% |
1 PAX | XAG 0.0339 | XAG 0.0339 | +0.01% |
5 PAX | XAG 0.17 | XAG 0.17 | +0.01% |
10 PAX | XAG 0.34 | XAG 0.34 | +0.01% |
50 PAX | XAG 1.70 | XAG 1.70 | +0.01% |
100 PAX | XAG 3.39 | XAG 3.39 | +0.01% |
500 PAX | XAG 16.97 | XAG 16.97 | +0.01% |
1,000 PAX | XAG 33.93 | XAG 33.93 | +0.01% |
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