- #338
Pax Dollar USDP
USDP Price
Market CapÂ
$135.15Â MRank #338FDVÂ
$134.95Â MRank #550Investors
Twitter Followers
Twitter Performance
811Rank by Twitter #1384- 0
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Detailed Performance
USDP shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
USDP to USD Converter
Price History
- All-Time High
- $1.201.20x to ATH
- All-Time Low
- $0.8711.15x to ATL
- Trade Launch Date
- 16 Sep, 2019
1676 days ago
Exchanges
Exchanges type
About USDP
Pax Dollar (USDP) is a regulated stablecoin, which means it is a digital currency that is designed to maintain a stable value by being backed one-to-one by the US dollar. This means that for every USDP in circulation, there is an equivalent amount of US dollars held in reserve. USDP is issued by Paxos and is subject to strict regulatory oversight by the New York State Department of Financial Services, ensuring consumer protection and transparency. With USDP, users can easily store and send US dollars, providing financial access to individuals without bank accounts and enabling instant cross-border transactions.
What makes Pax Dollar unique?
Pax Dollar, also known as USDP, is a regulated stablecoin that sets it apart from other cryptocurrencies. It is backed one-to-one by the US dollar, meaning that it can be converted to an equivalent amount of US dollars at any time. This feature provides unparalleled assurance to customers that their USDP is fully redeemable.
Additionally, USDP is subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection. This regulatory framework ensures transparency and trust in the stability and security of USDP.
Furthermore, USDP reserves are held in cash and cash equivalents, ensuring that customer funds are always kept safe and available for redemption. This fully reserved system adds an extra layer of security and stability to USDP.
Another unique aspect of USDP is its ability to enable easy and safe money storage and transfer. With USDP, customers can store and send US dollars with freedom, unrestricted by the limitations of traditional banking systems. It allows for instantaneous, cross-border money transfers, providing financial access to everyone, including the 1.7 billion adults globally without bank accounts.
In summary, Pax Dollar stands out among other cryptocurrencies due to its regulated nature, one-to-one backing with the US dollar, strict regulatory oversight, fully reserved system, and its ability to provide easy and safe money storage and transfer for users.
Live Pax Dollar Price Data
The current price of Pax Dollar (USDP) is approximately $1.00, reflecting a increase of 0.10% in the last 24 hours. The USDP trading volume in the last 24 hours stands at $5.35 million. Pax Dollar's market cap is currently $135.15 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of USDP is 134.75 million.Â
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Pax Dollar's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on USDP, check out our crypto insights page.Â
Tags
USDP to USD Converter
Price History
- All-Time High
- $1.201.20x to ATH
- All-Time Low
- $0.8711.15x to ATL
- Trade Launch Date
- 16 Sep, 2019
1676 days ago