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Paxos Standard (USDP) price, chart, coin profile and news

Find the latest Paxos Standard (USDP) price, coin profile, news and history to get you started with Paxos Standard trading and investing.

Paxos Standard (USDP) is the 515th largest cryptocurrency in the world by market cap, valued at $946,880,816. The current price of Paxos Standard is $0.994162, which is -0.366% lower than yesterday. Prices have ranged between $1.008 and $0.989966 over the past 24 hours. All prices are listed in US dollars and accurate as of January 30, 2023 11:01 UTC.

What is Paxos Standard?

Paxos Standard is a stablecoin, meaning its market value is pegged to the US dollar. It allows you 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 the US dollars held by Paxos.

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Paxos Standard recent updates

Aug
'21
Pax Standard, the stablecoin native to the Paxos ecosystem, was rebranded to Pax Dollar, with the ticker PUSD.

Paxos Standard at a glance

Basic stats for Paxos Standard

#515
$947 M
922 M
922 M
Charles cascarilla
Rich teo
Paypal (partnership with paxos)
Stablecoins
Stablecoin
Ethereum
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Paxos Standard performance over time

Paxos Standard fundamental and technical analysis

Time frame
Movement
1 day
0.37%
1 week
0.29%
1 month
0.65%
2 months
1.06%
200 days
0.67%
1 year
0.72%
Show all

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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