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About USDP

Pax Dollar (USDP) is a cryptocurrency launched in 2018. USDP has a current supply of 139.75M with 139.75M in circulation. The last known price of USDP is 1.00 USD and is 0.000937860319 over the last 24 hours. It is currently trading on active market(s) with $1.71M traded over the last 24 hours. More information can be found at https://www.paxos.com/usdp/.

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USDP Price Statistics
USDP’s Price Today
24h Price Change
+$0.0009378603190.09%
24h Volume
$1.71M57.15%
24h Low / 24h High
$0.99613452 / $0.99981177
Volume / Market Cap
0.012197930559
Market Dominance
0.01%
Market Rank
#339
USDP Market Cap
Market Cap
$139.99M
Fully Diluted Market Cap
$139.99M
USDP Price History
7d Low / 7d High
$0.98833341 / $1.00
All-Time High
$2.02Nov 16, 2021
All-Time Low
$0.87276444Mar 13, 2020
USDP Supply
Circulating Supply
139.75M
Total Supply
139.75M
Max Supply
0
Updated Apr 16, 2024 12:21 pm
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USDP
Pax Dollar
$1.00
$0.000937860319(+0.09%)
Mkt Cap $139.99M
There's nothing here for now
Planet Evening News
Planet Evening News
1. ZachXBT: MEV engineer Robert Robb, who defrauded $1.2 million in 2023, has been arrested; 2. Jupiter: JUP DAO will inject 10 million USDC and 100 million JUP next week to accelerate the growth of Jupiverse; 3. Ordinals Developer: The Runestone parent inscription worth 8 BTC has been sent to Satoshi Nakamoto’s address for destruction; 4. Opinion: The Ethereum Foundation is involved in the investigation or is part of a coordinated attack by the US SEC on Ethereum; 5. Conflux plans to cooperate with AnchorX to launch a stable currency anchored to the Hong Kong dollar as soon as Q2; 6. Greeks.live: Market sentiment has eased significantly, and large-scale transactions have resumed; 7. Base TVL exceeded US$1.7 billion and reached a new high, with an increase of 21.97% on the 7th; 8. Stratis announced the launch of the Stratis EVM mainnet; 9. Token Terminal: The total transaction volume on Uniswap has exceeded US$1.8 trillion, and DAU recently exceeded 200,000; 10. Foreign media: Do Kwon will be extradited to South Korea as early as March 24; 11. Justin Sun applied for 25,000 ETHFI airdrops from ether.fi for the first time today, but has not yet transferred or sold them; 12. Polygon completed the Napoli hard fork upgrade and introduced the RIP-7212 proposal; 13. CoinShares Director: The U.S. Bitcoin spot ETF saw a net outflow of $749 million this week; 14. OKB completed its 23rd destruction, with a total of 11,476,883.02 coins destroyed this time; 15. Paxos released the February USDP transparency report, with the total circulation exceeding US$203 million.
Mar 21, 2024 7:30 pm

Frequently Asked Questions

  • What Is Pax Dollar (USDP)?

    Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets.

    A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

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  • Who Are the Founders of Pax Dollar?

    The Pax Dollar was created by Charles Cascarilla and Rich Teo.

    Charles Cascarilla is the CEO and co-founder of Paxos. He is also the founding board member of the Association for Digital Asset Markets (ADAM), and a partner at Liberty City Ventures.

    He also co-founded and is a partner at Cedar Hill Capital Partners, and his past experience includes a portfolio manager at Claiborne Capital Management, financial analyst at Goldman Sachs and analyst at the Bank of America.

    Rich Teo is the second co-founder of Paxos. Before that, he worked as a principal/senior Analyst at Cedar Hill Capital Partners. He was also a financial analyst at Citi, and a combat signaler at the Singapore Armed Forces.

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  • What Makes Pax Dollar Unique?

    The Pax Dollar is a stablecoin that allows any user to exchange U.S. dollars for the Pax Dollar Tokens. Its main goal is to stabilize the dollar with blockchain technology.

    The Paxos company has a charter from the New York State Department of Financial Services that allows them to offer regulated services within the crypto asset world. The token itself is backed by the USD in accounts that are held by the company at the U.S. depository institutions.

    Pax Dollar was built in order to improve the larger financial ecosystem through the creation of a frictionless global network. Here, all digital assets can be mobilized quickly, with a high level of flexibility and accessibility. Paxos’s goal is to create a future where digital assets, commodities and securities can be transferred anywhere, anytime.

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  • How Many Pax Dollar (USDP) Coins Are There in Circulation?

    Pax Dollar combines the U.S. dollar’s stability with the efficiency of blockchain technology. It is a digital dollar, and like other crypto assets can be moved instantaneously anywhere in the world throughout any time of the day. It is stable and is backed 1:1 for the dollar, as well as issued by the Paxos Trust Company. This means that the funds are carefully protected, audited and regulated.

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  • How Is the Pax Dollar Network Secured?

    The Pax Dollar (USDP) can be transacted over the Ethereum blockchain in the same way as Ether or any other ERC-20 asset. If a user wants to redeem USDP, they can send tokens to an address controlled by Paxos that will destroy the tokens and transfer flat currency to the user’s bank account. Through this existence on a public blockchain, it can allow traders and exchanges to use USDP as an alternative to flat currencies and can help them outsource their banking requirements to Paxos. This also allows Paxos to easily be integrated with the Ethereum based applications easily.

    When there is a security threat, Paxos can pause transfers and approvals of the USDP Token. This ability to pause is controlled by a single owner role, such as OpenZeppelin’s ownable. The model follows OpenZeppelin’s Pausable. OpenZeppelin contracts help you minimize risk by using tested libraries of smart contracts for Ethereum and other blockchains.

    Due to the fact that it has a regulated trust, Paxos can legally transfer assets and monies. Through combining that permission with blockchain technology, the transactions can be done rapidly, securely and with no risk.

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  • Where Can You Buy Pax Dollar (USDP)?

    Pax Dollar or USDP can be purchased, sold and traded on several exchanges, those being:

    Binance

    VCC Exchange

    Digifinex

    Bittrex

    Bithumb Global

    1inch Exchange

    You can find others listed on our crypto exchanges page. If you are interested in learning how to buy cryptocurrency, you can learn more here.

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  • What is the all-time high price of Pax Dollar (USDP)?

    The all-time high of USDP was 2.02 USD on 2021-11-16, from which the coin is now down 50.495049504950494%. The all-time high price of Pax Dollar (USDP) is 2.02. The current price of USDP is down 50.495049504950494% from its all-time high.

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  • How much Pax Dollar (USDP) is there in circulation?

    As of , there is currently 139.75M USDP in circulation. USDP has a maximum supply of 0.

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  • What is the market cap of Pax Dollar (USDP)?

    The current market cap of USDP is 139.99M. It is calculated by multiplying the current supply of USDP by its real-time market price of 1.00.

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  • What is the all-time low price of Pax Dollar (USDP)?

    The all-time low of USDP was 0.87276444 , from which the coin is now up 14.57845372343539%. The all-time low price of Pax Dollar (USDP) is 0.87276444. The current price of USDP is up 14.57845372343539% from its all-time low.

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  • Is Pax Dollar (USDP) a good investment?

    Pax Dollar (USDP) has a market capitalization of $139.99M and is ranked #339 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Pax Dollar (USDP) price trends and patterns to find the best time to purchase USDP.

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