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Crypto prices
Pax Dollar Price
Pax Dollar price

Pax Dollar Price(USDP)

Currency
Currency
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Pax Dollar logo
USDP
1 USDP =
USD $0.996217
Buy USDP
Last updated 2023/09/29 12:53 (UTC)
Binance has the lowest transaction fee rate amongst all major trading platforms.
Coinbase
1.99%
Kraken
0.26%
Binance
0.1%
No records
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks.
$ 0.996217
+0.02%
1D

Price of USDP today

The live price of Pax Dollar is $ 0.996217 per (USDP / USD) with a current market cap of $ 484.22M USD. 24-hour trading volume is $ 3.14M USD. USDP to USD price is updated in real-time. Pax Dollar is +0.02% in the last 24 hours with a circulating supply of 486.06M.
USDP Price History USD
ChangeAmount%
Today$ 0.000218+0.02%
30 Days$ -0.005667-0.57%
60 Days$ -0.004509-0.45%
90 Days$ -0.000714-0.07%

USDP Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.994011
High: $ 1.005528
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 2.022771
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.02%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+0.02%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+0.26%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+0.26%
The percent change in trading volume for this asset compared to 7 days ago.

USDP Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#67
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 484.22M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 3.14M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
486.06M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
486.06M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.

About Pax Dollar (USDP)

Pax Dollar (USDP) is a collateralized stablecoin linked directly to the US dollar. Designed to allow cryptocurrency users to transact with fiat-based tokens while delivering the advantages of blockchain technology, Pax Dollar — formerly named Paxos Dollar — facilitates crypto transactions while mitigating market volatility.

Every USDP is backed by one US dollar held in reserve and integrates a number of features that differentiate it from other stablecoins. USDP can be redeemed for US dollars at any time and is subject to regulatory oversight by the New York State Department of Financial Services (NYSDFS).

USDP is an ERC-20 token collateralized in US-based Paxos-owned bank accounts, which are subject to regular audits published via monthly attestations. 

In January 2023, Paxos partnered with MakerDAO to launch a new stablecoin called USDD, which will be backed by both the US dollar and MakerDAO's Dai stablecoin. The collaboration aims to create a more secure and transparent stablecoin that can be used for various purposes, such as trading and remittances. The partnership also involves the integration of Paxos' regulated stablecoin infrastructure into the MakerDAO ecosystem, providing greater accessibility and liquidity for users.

The current price of USDP is updated and available in real time on Binance.

People Also Ask: Other Questions About Pax Dollar

  1. What is USDP Used For?

    USDP is a stablecoin used for US dollar-denominated cryptocurrency transactions and can also be exchanged 1:1 with the US dollar. USDP price information is available live on Binance.

  2. How Do Network Consensus and Validation Work on Pax Dollar?

    Pax Dollar (USDP) is an ERC-20 token and following the Ethereum Merge, now utilizes proof-of-stake (PoS) consensus.

  3. Who is the Pax Dollar Founder?

    Pax Dollar was created by US-based Paxos, led by co-founders, CEO Charles Cascarilla and Asia CEO Rich Teo. Both co-founders have extensive professional experience in the financial sector, as well as in digital assets.

  4. What is the Maximum Token Supply of USDP?

    At the time of writing, USDP has no available circulating supply. However, its maximum supply is reportedly around 106.38 million tokens.

  5. What Makes Pax Dollar Different From Others?

    Pax Dollar is notable as a USD-backed stablecoin subject to regular audits, with monthly attestations made publicly available to USDP holders and the wider cryptocurrency community.

    Pax Dollar was developed with the goal of stabilizing the US dollar using blockchain technology. It is reportedly exchangeable with the USD at a 1:1 ratio.

    Through its charter with the NYSDFS, Paxos is empowered to offer regulated financial services to entities in the cryptocurrency space.

  6. How To Buy USDP?

    USDP can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live USDP price is updated in real time on Binance. For additional instructions, information, and news on USDP, users can read our How to Buy Pax Dollar (USDP) Guide.

USDP to Local Currency

1 USDP to TRY$ 0.996217Pax Dollar to TRY
1 USDP to RUB$ 0.996217Pax Dollar to RUB
1 USDP to EUR in Italy$ 0.996217Pax Dollar to EUR
1 USDP to EUR in France$ 0.996217Pax Dollar to EUR
1 USDP to EUR in Spain$ 0.996217Pax Dollar to EUR
1 USDP to AED$ 0.996217Pax Dollar to AED
1 USDP to AUD$ 0.996217Pax Dollar to AUD
1 USDP to BRL$ 0.996217Pax Dollar to BRL
1 USDP to VND$ 0.996217Pax Dollar to VND
1 USDP to INR$ 0.996217Pax Dollar to INR
Last updated 2023/09/29 12:53 (UTC)

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