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USDP
Pax Dollar
$1.0000
0.01%
Open
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About Pax Dollar
Pax Dollar (USDP) is a stablecoin pegged to the US dollar, created by Paxos. It provides stability in the volatile cryptocurrency market and serves as a medium of exchange, store of value, and hedging tool. USDP is widely used for transactions, trading, and investment purposes.
Pax Dollar (USDP) is a stablecoin that is pegged to the US dollar on a 1:1 basis, meaning that it maintains a stable value relative to the US dollar. It is a type of cryptocurrency that is designed to provide stability and act as a digital representation of the US dollar in the world of blockchain and cryptocurrencies.
Pax Dollar was created by the team at Paxos, a New York-based financial technology company that specializes in blockchain-powered financial products.