Pax Dollar

USDP Price

Pax Dollar (USDP) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space.

The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology.

Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology.

Paxos has become the most widely adopted cryptocurrency in the fastest time frame, with support from over 20 exchanges and OTC desks in the first five weeks of its existence. It’s been picked up and listed by six of the top ten cryptocurrency exchanges, <a href="https://www.coingecko.com/en/exchanges/binance">Binance</a>, <a href="https://www.coingecko.com/en/exchanges/okex">OKEx</a>, <a href="https://www.coingecko.com/en/exchanges/gate">Gate.io</a>, <a href="https://www.coingecko.com/en/exchanges/zb">ZB</a>, <a href="https://www.coingecko.com/en/exchanges/kucoin">KuCoin</a> and <a href="https://www.coingecko.com/en/exchanges/digifinex">DigiFinex</a>. These exchanges are offering PAX as an alternative to the controversial <a href="https://www.coingecko.com/en/coins/tether">Tether</a>. Unlike the controversy surrounding the people who control Tether, there is no such obscurity when it comes to the people behind Paxos. The CEO and co-founder is Charles Cascarilla. He has over 15 years in financial services and has co-founded Cedar Hill asset management back in 2005. He has also worked and Bank of America and Goldman Sachs prior to that.

The Pax Dollar (USDP) is the first digital asset to be issued by a financial institution and to be fully secured by the U.S. dollar. While other similar stablecoins have existed, there has been no proof of full U.S. dollar reserves, nor have these earlier assets been issued by a financial institution. The Paxos team has been fairly clear in declaring the different base that PAX is working from. 

Where can you buy Pax Dollar?

USDP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Pax Dollar is Binance, where the most active trading pair USDP/USDT has a trading volume of $1,056,167.61 in the last 24 hours. Other popular options include MEXC and Azbit.

What is the daily trading volume of Pax Dollar (USDP)?

The trading volume of Pax Dollar (USDP) is $5,057,195.28 in the last 24 hours, representing a -27.80% decrease from one day ago and signalling a recent fall in market activity.

What is the all-time high for Pax Dollar (USDP)?

The highest price paid for Pax Dollar (USDP) is BTC0.0003181, which was recorded on Apr 16, 2024 (5 months). Comparatively, the current price is -15.50% lower than the all-time high price.

What is the all-time low for Pax Dollar (USDP)?

The lowest price paid for Pax Dollar (USDP) is BTC0.00001356, which was recorded on May 19, 2021 (over 3 years). Comparatively, the current price is 15.90% higher than the all-time low price.

What is the market cap of Pax Dollar (USDP)?

Market capitalization of Pax Dollar (USDP) is BTC1,736.2360 and is ranked #394 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDP tokens (100 Million tokens are tradable on the market today).

What is the fully diluted valuation of Pax Dollar (USDP)?

The fully diluted valuation (FDV) of Pax Dollar (USDP) is BTC1,736.2360. This is a statistical representation of the maximum market cap, assuming total number of 100 Million ETH tokens are in circulation today.

How does the price performance of Pax Dollar compare against its peers?

With a price decline of 0.00% in the last 7 days, Pax Dollar (USDP) is underperforming the global cryptocurrency market which is up 10.30%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.80%.

How to add Pax Dollar (USDP) to MetaMask?

Adding Pax Dollar (USDP) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import USDP as a token. You can copy USDP’s contract address (0x8e870d67f660d95d5be530380d0ec0bd388289e1) and import it manually, or if you've installed MetaMask's chrome extension, add USDP to MetaMask with one click on CoinGecko.

Add USDP to MetaMask.