Pax Dollar
USDP
$0.996848
Current Price
+0.34%
24h Change
Info
USDP
Symbol
$28.00M
Fully Diluted Valuation
$28.00M
Market Cap
691
Market Rank
28.08M
Total Supply
$12.13M
Total Volume
$0.999559
24h High
$0.989804
24h Low
About Pax Dollar
Pax Dollar (USDP) is a stablecoin designed to provide a reliable and transparent digital asset pegged to the U.S. dollar. Its core mission is to offer a stable and secure medium of exchange, reducing volatility inherent in many cryptocurrencies. Built on the Ethereum blockchain, USDP utilizes the ERC-20 token standard, ensuring compatibility with a wide array of decentralized applications and wallets. The Paxos Trust Company, which issues USDP, maintains full reserves in U.S. dollars, with regular attestations by reputable third-party auditing firms to ensure transparency and trust. USDP has carved a significant niche in the decentralized finance (DeFi) ecosystem, offering seamless integration into various DeFi platforms for lending, borrowing, and trading. It is widely adopted across major exchanges and DeFi protocols, reflecting its reliability and security. Partnerships with financial institutions and blockchain projects further bolster its credibility and expand its utility. USDP's strategic focus on regulatory compliance and transparency has positioned it as a trustworthy stablecoin option, supporting a growing ecosystem of developers and users seeking a stable digital currency solution.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
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