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Pax Dollar

Pax Dollar USDP

Token
Pax Dollar Price (USDP)
$1.00
0.06% Buy USDP

0.0008 ETH

0.0000588 BTC

Low: $0.9989
High: $1.00
24h
Market Cap
$945,648,886
0.06%
Fully Diluted Market Cap
$945,648,757
0.06%
Volume
24h
$184,622
151.39%
Volume / Market Cap
0.0002
Circulating Supply
945,642,940 USDP
Max Supply
--
Total Supply
945,642,940
Pax Dollar USDP
Price: $1.00
0.06% Buy USDP

Current market Price of a specific cryptocurrency.

Learn this metric

The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

Pax Dollar project's Circulating Supply has been verified and is equal to:

Circulating Supply

945,642,940 USDP

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
Share it with your friends

Current price of Pax Dollar is $1.00

Pax Dollar (USDP) Social Signals & Traffic Tracker
Pax Dollar twitter
Twitter Stats
Visit Twitter

Followers

231

1.76%

Joined at Feb 06, 2022

Following

0

0.00%

Tweet count

0

0.00%

Pax Dollar reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Pax Dollar (USDP) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Pax Dollar telegram
Telegram Stats

Members

-

Title

-

Currently, official Pax Dollar (USDP) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Pax Dollar traffic
Website Traffic
Visit Website

Website Rating (DR)

76 / 100

0.00%

Ahrefs Rank

30,498

1.45%

Organic Traffic (mo.)

0

0.00%

Pax Dollar github
GitHub Organization
Visit GitHub

Public repos

98

Created at Oct 19, 2016

Type

Organization

Pax Dollar github
GitHub Public Repository
Visit GitHub

Stars

131

0.00%

Watchers

39

0.00%

Forks

90

2.27%

Language

Solidity

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Pax Dollar Price Statistics

Pax Dollar Price
$1.00
Price Change 24h
$0.0006
0.06%
24h Low / 24h High
$0.9989 /
$1.00
All Time High
Nov 16, 2021 (1 year 2 weeks ago)
$2.02
50.56%
All Time Low
Mar 13, 2020 (2 years 8 months ago)
$0.8728
14.58%
Trading Volume 24h
$184,622
151.39%
Volume / Market Cap
0.0002
Market Dominance
0.11%
Market Rank
#49
Market Cap
$945,648,886
0.06%
Fully Diluted Market Cap
$945,648,757
0.06%

Live USDP Price Analysis

The current real time Pax Dollar price is $1.00, and its trading volume is $184,622 in the last 24 hours. USDP price has grew by 0.06% in the last day, and increased by 0.18% in the last 7 days. It’s important to note that current Pax Dollar market capitalization is $945,648,886, Talking about circulating supply, USDP has 945,642,940 coins. Currently, Pax Dollar rank on the market is #49.

Pax Dollar price today is 50.56% below all time high, and it is 14.58% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling USDP are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Pax Dollar (USDP)?

The Pax Dollar (USDP) is a stablecoin that is pegged to the USD at a 1:1 ratio, meaning that the USDP price is equal to $1. The USD reserve that collateralizes Pax Dollar tokens is held in segregated accounts owned by the Paxos company at multiple FDIC-insured banks located throughout the United States. The Pax Dollar coins are stored on the Ethereum blockchain in the form of ERC-20 tokens.

To secure the transactions completed with Pax Dollars, Paxos employs OpenZeppelin's Pausable mechanism for USDP contracts. In essence, it allows pausing USDP transfers whenever there is a threat.

In addition, Withum, a top-tier auditing company, audits the USD deposits. It's responsible for ensuring that the total supply of Pax Dollar tokens matches the USD held in Paxos' reserve accounts. This means that there always has to be a $1 for 1 USDP token. Monthly attestation reports produced by Withum are posted on the Paxos website.

Note that the Pax Dollar price is still subject to some degree of fluctuation. However, it usually stays around $1, even during fluctuations, ensuring that the volatility is kept to a minimum.

The Founders of Pax Dollar

A financial technology company called Paxos is behind the creation of the Pax Dollar tokens. Paxos intends to revolutionize finance by achieving a way to move assets as fast as the internet moves. In 2015, the New York State Department of Financial Services gave Paxos a trust company charter, making Paxos the first licensed financial institution in America to provide cryptocurrency-related goods and services.

Initially, in 2018, Paxos introduced the Paxos Standard stablecoin. However, it was rebranded in 2021 to the Pax Dollar to more accurately reflect the pegged USDP price. Furthermore, in 2012, Paxos launched a cryptocurrency exchange called itBit.

Paxos was founded by Charles Cascarilla and Rich Teo. Prior to founding Paxos, Charles Cascarilla co-founded Cedar Hill Capital Partners and worked at such companies as Claiborne Capital Management, Goldman Sachs, and the Bank of America. Besides, he is the founding board member of the Association for Digital Asset Markets (ADAM).

Talking about Rich Teo, he used to work at Cedar Hill Capital Partners, founded by Cascarilla. He was also a financial analyst at Citi and even a combat signaler in the Singapore Armed Forces.

The Purpose of Pax Dollars

Essentially, USDP tokens are a great way to move USD in a decentralized way without going through third-party banking systems. Just like any other ERC-20 asset, the Pax Dollar can be exchanged over the Ethereum network. Users simply need to transmit tokens to an address managed by Paxos to redeem USDP. Paxos will then burn the USDP tokens and transfer fiat money to the bank account of the user.

Furthermore, another purpose of Pax Dollar tokens is to stabilize the volatility of the whole crypto market. Since the Pax Dollar price is pegged to the USD, it's barely affected by the fluctuations that occur in the crypto market.

Besides lowering the volatility of the crypto market and moving USD, the Pax Dollar crypto assets can function as a plan B for crypto holders during extremely high market fluctuations. How? Crypto holders can simply exchange their assets to USDP, this way preserving the value of their holdings in an asset that is not prone to change much.

Lastly, USDP serves as a utility token that allows itBit exchange users to convert other crypto assets to USDP instantly and free of charge. The stable USDP price also helps reduce the high volatility of the market.

What's Pax Dollar trading volume in the last 24 hours?

USDP has a trading volume of $184,622 in the last 24 hours.

What's Pax Dollar highest price ever?

USDP has a highest price of $2.02, which was reached on Nov 16, 2021 (1 year 2 weeks ago).

What's Pax Dollar lowest price ever?

USDP has a lowest price of $0.8728, which was reached on Mar 13, 2020 (2 years 8 months ago).

What are the best exchanges for buying and selling USDP?

Currently, the most active and dominating exchanges for buying and selling Pax Dollar are Binance, Kraken & Kucoin. The most popular Pax Dollar trading pairs are PAX/USD (on Coinbase ), USDP/USDT (on KuCoin ), PAX/USDT (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping USDP?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Pax Dollar. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to Pax Dollar

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Current market Price of a specific cryptocurrency.

Learn this metric

The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

Pax Dollar project's Circulating Supply has been verified and is equal to:

Circulating Supply

945,642,940 USDP

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
Share it with your friends

Current price of Pax Dollar is $1.00

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