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.
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.
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Pax Dollar special?
Pax Dollar is apowered 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.
$USDP is a 100% backed stablecoin reflecting the US dollar.
Paxos has partnered with Facebook, PayPal & Coinbase on a number of initaitives.
Paxos is one of the most widely trusted crypto companies today.
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Pax Dollar price and insights
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Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# 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.