Pax Dollar (USDP) price, chart, coin profile and news

Find the latest Pax Dollar (USDP) price, coin profile, news and history to get you started with Pax Dollar trading and investing.

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What is Pax Dollar?

Paxos Standard is a stablecoin, meaning its market value is pegged to the US dollar. It allows you to exchange US dollars for the Paxos Standard Tokens. It aims to stabilise the dollar with blockchain technology. Paxos is regulated as a trust company by the New York State Department of Financial Services. According to the white paper, PAX is a token that is backed one-to-one by US dollar deposits. Once PAX tokens are redeemed for US dollars, they are instantly removed from the supply, meaning the supply of PAX tokens directly correlates with the US dollars held by Paxos.

Pax Dollar (USDP) is the 66th largest cryptocurrency in the world by market cap, valued at $951,049,889. The current price of Pax Dollar is $1.42142, which is -0.002% lower than yesterday. Prices have ranged between $1.43136 and $1.4153424 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 06:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Pax Dollar (USDP) price

Use our graph to track the performance of (USDP) over time.

Pax Dollar at a glance

Information last updated May 19, 2022 06:05 UTC.
Coin symbol USDP
Coin Marketcap AUD$951,049,889
Total USDP supply 950,063,344
Circulating USDP 950,063,344
Current price AUD$1.42142
All time high AUD$2.272
All time high date May 19, 2021
Notable team members Charles Cascarilla, Rich Teo
Partnerships PayPal (partnership with Paxos)
Industry Stablecoins
Token uses Stablecoin
Network Ethereum

Pax Dollar price performance over time

Historical prices compared with the price of $1.42142.

1 hour 0.11%
24 hours 0.00%
7 days -0.10%
14 days -0.19%
30 days 0.11%
60 days -0.01%
200 days -0.03%
1 year 0.09%

Disclaimer: Cryptocurrencies, including Pax Dollar, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of USDP is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Pax Dollar or any other cryptocurrency discussed.

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