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Pax Dollar (USDP) price, chart, coin profile and news
Find the latest Pax Dollar (USDP) price, coin profile, news and history to get you started with Pax Dollar trading and investing.
What is Pax Dollar?
Paxos Standard is a stablecoin, meaning its market value is pegged to the US dollar. It allows any user to exchange US dollars for the Paxos Standard Tokens. It aims to stabilise the dollar with blockchain technology. Paxos is regulated as a trust company by the New York State Department of Financial Services. According to the white paper, PAX is a token that is backed one-to-one by US dollar deposits.Once PAX tokens are redeemed for US dollars they are instantly removed from the supply, meaning the supply of PAX tokens directly correlates with US dollars held by Paxos.
Pax Dollar (USDP) is the 86th largest cryptocurrency in the world by market cap, valued at $1,051,899,164. The current price of Pax Dollar is $1, which is 0.001% lower than yesterday. Prices have ranged between $1.02 and $0.995019 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 08:01 UTC.
Pax Dollar (USDP) priceUse our graph to track the performance of (USDP) over time.
Pax Dollar at a glance
|Total USDP supply||1,052,242,307|
|All time high||US$15.33|
|Notable team members||Charles Cascarilla, Rich Teo|
|Partnerships||PayPal (partnership with Paxos)|
Pax Dollar price performance over time
Disclaimer: Cryptocurrencies, including Pax Dollar, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of USDP is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Pax Dollar or any other cryptocurrency discussed.
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