PayPal USD, issued by Paxos / PayPal, claims to be worth one dollar. Across 4 exchanges it trades at $1.0000 — +0.0 bp, with the exchanges disagreeing by ±3.0 bp.
The deviation is smaller than the exchanges' own disagreement, or under the noise floor. That is spread, not a depeg, and it is withheld from the wire.
| Exchange | Quote | From consensus | Status |
|---|---|---|---|
| Bitstamp | −500.0 bp | set aside | |
| Coinbase | 1.00000 | +0.0 bp | agrees |
| Crypto.com | 0.99949 | −5.1 bp | agrees |
| Kraken | 1.00010 | +1.0 bp | agrees |
set aside: further than 0.35% from the provisional median — quoting a different market, and named rather than dropped
each coin at its consensus price · the grey band is how far its exchanges disagreedvermilion: outside its own band and above the noise floor — printed on the wirequotes set aside are shown off the ends, at their true distance in the label
every dollar coin in the ledger, this sweep