What is Pax Dollar (USDP)?

USDP is the US dollar stablecoin offered by Paxos, a crypto & blockchain company. Paxos has three main services it provides: crypto for enterprises, crypto for investors, and transaction settlements. While you might not recognize Paxos right away, they are the behind-the-scenes company that works with Facebook and PayPal to bring crypto to your favorite apps. To ensure the value of $USDP stays at $1, the company keeps a reserve of dollars that directly reflects the amount of USDP in circulation. Paxos is regulated by the New York State Department of Financial Services and audited monthly.
Thumbnail
USDP
No value0% last 7 days
0
Cryptohunt's Opinion

Our take on Pax Dollar

We believe stablecoins are a critical part of the crypto ecosystem. Beyond that, the fact that this stablecoin is actually backed by a reserve of dollars makes the risk associated with this coin much lower. Most of all, we believe Paxos is one of the companies that is truly bringing crypto to the mainstream. By partnering with companies that already make up much of today's technology, they will serve as a bridge to bring this new technology to the lives we live today.
#1
#2
#3
#4
#5
#6

How do you feel about Pax Dollar?

Get up to speed on Pax Dollar in less than 5 mins.

Complete these tasks to become a cryptohunt certified expert.
What makes Pax Dollar special?
Pax Dollar is a powered by, uses to validate transactions, and is. Pax Dollar also supports.

Interesting facts about Pax Dollar

Here are some facts you may not already know about Pax Dollar. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
#1

$USDP is a 100% backed stablecoin reflecting the US dollar.

#2

Paxos has partnered with Facebook, PayPal & Coinbase on a number of initaitives.

#3

Paxos is one of the most widely trusted crypto companies today.

Pax Dollar reviews from the cryptohunt community

There are no reviews for Pax Dollar yet. Be the first one to make some noise!

Pax Dollar price and insights

See how much Pax Dollar is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
-
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Pax Dollar, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
-
# Active Discord members
-
# Telegram members
-
# Active Telegram members
-

Join the conversation 💬

Log in or sign up to leave a comment