Convert and Swap Paxos Standard PAX to Silver (Troy Ounce) XAG
PAX/XAG: 1 Paxos Standard equals XAG 0.0328 XAG
Last update: 1:30 PM, January 12, 2025
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Paxos Standard is falling this week.
The current price of Paxos Standard is XAG 0.0328 per PAX. With a circulating supply of 93,564,126.098 PAX, it means that Paxos Standard has a total market cap of XAG 3,075,884.23. The amount of Paxos Standard traded has fallen by XAG 14,284.64 in the last 24 hours, which is a 81.49% decrease. Additionally, in the last day, XAG 17,529.21 worth of PAX has been traded.
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About Paxos Standard
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.
Paxos Standard (PAX) is a stablecoin, a type of cryptocurrency designed to minimize price volatility. Launched in September 2018, PAX aims to combine the stability of the U.S. dollar with the efficiency of blockchain technology. Each PAX token is issued as an ERC-20 token on the Ethereum blockchain and is 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 is issued by Paxos, a company chartered by the New York State Department of Financial Services, which allows it to offer regulated services within the crypto asset world.
Paxos Standard operates on the Ethereum blockchain, just like Ether or any other ERC-20 asset. Users can exchange U.S. dollars for PAX tokens, which can then be transacted over the Ethereum blockchain. If a user wishes to redeem their PAX tokens, they can send them to an address controlled by Paxos. Paxos will then destroy the tokens and transfer the equivalent amount in fiat currency to the user's bank account. This process allows PAX to serve as an alternative to fiat currencies, enabling rapid, secure transactions with minimized price risk. In the event of a security threat, Paxos has the ability to pause transfers and approvals of the PAX token, ensuring the safety of the network.
Paxos Standard seeks to improve the larger financial ecosystem by creating a frictionless global network. This network aims to mobilize all digital assets quickly, with a high level of flexibility and accessibility. PAX can be used for a variety of purposes, including as a stable store of value, a medium of exchange, or a unit of account. Because PAX is backed 1:1 by the U.S. dollar, it can provide a stable value in the often volatile cryptocurrency market. Furthermore, because PAX operates on the Ethereum blockchain, it can be integrated with Ethereum-based applications, expanding its potential use cases.
Paxos Standard was created by Charles Cascarilla and Rich Teo, co-founders of Paxos. Cascarilla is a seasoned financial industry professional with experience at firms like Goldman Sachs and Bank of America, while Teo has a background in financial analysis. The pair launched Paxos Standard in September 2018 with the goal of stabilizing the dollar using blockchain technology. Since its launch, PAX has grown to become a well-known player in the stablecoin space, offering users a way to transact with blockchain assets while minimizing price risk.
How Paxos Standard and Silver (Troy Ounce) 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.
Frequently asked questions
How much is 1 Paxos Standard in XAG?
Right now, 1 Paxos Standard is worth about XAG 0.0328.
How much PAX could I buy for 1 XAG?
Based on the current rate, you could get 30.48 PAX for 1 XAG.
How much has the price of Paxos Standard changed?
Paxos Standard price has been declining. Since yesterday, the exchange rate of Paxos Standard has decreased. Since last month, the exchange rate of Paxos Standard has decreased. Since this time last year, the price of Paxos Standard has increased.
How do I calculate or convert PAX to XAG?
You can use our PAX to XAG calculator at the top of this page to convert any amount of PAX to XAG. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 XAG is equivalent to 152.38 PAX. Inversely, 5 PAX will cost about XAG 0.16
How can I buy 1 Paxos Standard on Coinbase?
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.
What are assets similar to Paxos Standard that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Paxos Standard, including Fusionist, Art de Finance, and WAX. For a more robust list of assets to explore, jump to the asset page dedicated to Paxos Standard.
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A selection of other popular currency conversions of Paxos Standard to various fiat currencies.
PAX to Silver (Troy Ounce) 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 0.16 XAG. Inversely, XAG 1.00 XAG would allow you to trade for 30.48 PAX while XAG 50.00 XAG would convert to 1,523.76 PAX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.18%. Meanwhile, in the last 24 hours, the rate has changed by 0.21%, and that the the highest exchange rate of 1 PAX to Silver (Troy Ounce) was XAG 0.0329 XAG and the lowest 24 hour value was 1 PAX for XAG 0.0328 XAG. This time last month, the value of 1 PAX was XAG 0.03 XAG, which is a 0.08% increase from where it is now. Looking back a year, Paxos Standard has changed by XAG 0.04 XAG.
PAX to XAG performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
---|---|---|---|---|---|---|---|
XAG 0.0329 XAG | -0.21% | XAG 0.0338 XAG | -0.18% | XAG 0.0312 XAG | -0.08% | XAG 0.0428 XAG | 0.46% |
PAX to XAG
Amount | Today at 1:30 pm |
---|---|
0.5 PAX | XAG 0.0164 |
1 PAX | XAG 0.0328 |
5 PAX | XAG 0.1641 |
10 PAX | XAG 0.3281 |
50 PAX | XAG 1.6407 |
100 PAX | XAG 3.2813 |
500 PAX | XAG 16.4067 |
1,000 PAX | XAG 32.8135 |
XAG to PAX
Amount | Today at 1:30 pm |
---|---|
0.5 XAG | 15.24 PAX |
1 XAG | 30.48 PAX |
5 XAG | 152.38 PAX |
10 XAG | 304.75 PAX |
50 XAG | 1,523.76 PAX |
100 XAG | 3,047.53 PAX |
500 XAG | 15,237.65 PAX |
1,000 XAG | 30,475.30 PAX |
Today vs. 24 hours ago
Amount | Today at 1:30 pm | 24 hours ago | 24H Change |
---|---|---|---|
0.5 PAX | XAG 0.0164 | XAG 0.0164 | -0.21% |
1 PAX | XAG 0.0328 | XAG 0.0329 | -0.21% |
5 PAX | XAG 0.16 | XAG 0.16 | -0.21% |
10 PAX | XAG 0.33 | XAG 0.33 | -0.21% |
50 PAX | XAG 1.64 | XAG 1.64 | -0.21% |
100 PAX | XAG 3.28 | XAG 3.29 | -0.21% |
500 PAX | XAG 16.41 | XAG 16.44 | -0.21% |
1,000 PAX | XAG 32.81 | XAG 32.88 | -0.21% |
Today vs. 1 month ago
Amount | Today at 1:30 pm | 1 months ago | 1M Change |
---|---|---|---|
0.5 PAX | XAG 0.0164 | XAG 0.0164 | -0.08% |
1 PAX | XAG 0.0328 | XAG 0.0328 | -0.08% |
5 PAX | XAG 0.16 | XAG 0.16 | -0.08% |
10 PAX | XAG 0.33 | XAG 0.33 | -0.08% |
50 PAX | XAG 1.64 | XAG 1.64 | -0.08% |
100 PAX | XAG 3.28 | XAG 3.28 | -0.08% |
500 PAX | XAG 16.41 | XAG 16.42 | -0.08% |
1,000 PAX | XAG 32.81 | XAG 32.84 | -0.08% |
Today vs. 1 year ago
Amount | Today at 1:30 pm | 1 year ago | 1Y Change |
---|---|---|---|
0.5 PAX | XAG 0.0164 | XAG 0.0163 | +0.46% |
1 PAX | XAG 0.0328 | XAG 0.0327 | +0.46% |
5 PAX | XAG 0.16 | XAG 0.16 | +0.46% |
10 PAX | XAG 0.33 | XAG 0.33 | +0.46% |
50 PAX | XAG 1.64 | XAG 1.63 | +0.46% |
100 PAX | XAG 3.28 | XAG 3.27 | +0.46% |
500 PAX | XAG 16.41 | XAG 16.33 | +0.46% |
1,000 PAX | XAG 32.81 | XAG 32.66 | +0.46% |
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