Paxos Standard (PAX) is a stablecoin backed by collateralized fiat (USD). Built on the Ethereum blockchain, Paxos Standard first appeared with the main goal to revolutionize finance due to its fast transaction time, flexibility and shameless transactions. PAX has several notable use cases. The most popular being hedging against volatility, payment for blockchain-based cryptos/digital assets and the elimination of fees on cross-border transactions.
The PAX price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines the PAX price rates from Binance, Kraken, Huobi, OKEx, and others.
To monitor PAX prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest PAX price anytime, anywhere for infinity.
The PAX price constantly changes, however, our interest rates are stable as ever. Since 2019, our PAX savings account has featured 12% APR + compounding interest. Why? Because we can.