Convert United States Oil Fund (Ondo Tokenized) USOON to Paxos Standard PAX
USOON to PAX: 1 United States Oil Fund (Ondo Tokenized) converts to 155.99 PAX
About USOON and PAX
United States Oil Fund (Ondo Tokenized) is climbing, while Paxos Standard is falling this week. The current USOON to PAX conversion rate is 155.99. Inversely, this means that if you convert 1 PAX you will get 0.006411 USOON. The conversion rate of USOON/PAX has increased by 0.28% in the last hour (PAX/USOON decreased by 0.28%). In the last 24 hours, USOON/PAX grew by 0.35%, while PAX/USOON shrunk by 0.35%.
The exchange rate of United States Oil Fund (Ondo Tokenized) is increasing. The current value of 1 USOON is 155.99 PAX. In other words, to buy 5 United States Oil Fund (Ondo Tokenized), it would cost you 779.95 PAX. Inversely, 1 PAX would allow you to trade for 0.006411 USOON while 50 PAX would convert to 0.3205 USOON, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0%. Meanwhile, in the last 24 hours, the rate has changed by 0%, which means that the highest exchange rate of 1 USOON to PAX was 0.00 PAX and the lowest 24 hour value was 1 USOON for ∞ PAX. Last month, 1 USOON was worth 0.00 PAX. Today, it's up 0%. Looking back a year, United States Oil Fund (Ondo Tokenized) has changed by 0.00 PAX. That means that in a single year, the value of United States Oil Fund (Ondo Tokenized) has grown by 0%.
United States Oil Fund (Ondo Tokenized) Market Stats
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
Paxos Standard Market Stats
Pax Dollar (USDP), also known by its former name Paxos Standard (PAX), is a U.S. dollar-backed stablecoin issued by Paxos and available on Ethereum. Paxos states that USDP is backed by reserves held in cash and cash equivalents and is redeemable one-to-one for U.S. dollars, subject to its terms and eligibility requirements.
Conversion tables
USOON to PAX values from Today at 8:40 pm
0.5 USOON = 78.00 PAX |
1 USOON = 155.99 PAX |
5 USOON = 779.95 PAX |
10 USOON = 1,559.90 PAX |
50 USOON = 7,799.52 PAX |
100 USOON = 15,599.04 PAX |
500 USOON = 77,995.19 PAX |
1,000 USOON = 155,990.38 PAX |
PAX to USOON values from Today at 8:52 pm
0.5 PAX = 0.003205 USOON |
1 PAX = 0.006411 USOON |
5 PAX = 0.03205 USOON |
10 PAX = 0.06411 USOON |
50 PAX = 0.3205 USOON |
100 PAX = 0.6411 USOON |
500 PAX = 3.21 USOON |
1,000 PAX = 6.41 USOON |
USOON to PAX over time
USOON | Today | 24H 100.00% | 1M 100.00% | 1Y 100.00% |
|---|---|---|---|---|
0.5 USOON | 78.00 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
1 USOON | 155.99 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
5 USOON | 779.95 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
10 USOON | 1,559.90 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
50 USOON | 7,799.52 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
100 USOON | 15,599.04 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
500 USOON | 77,995.19 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
1,000 USOON | 155,990.38 PAX | 0.00 PAX | 0.00 PAX | 0.00 PAX |
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