Paxos

Paxos PriceUSDP

Rank #687

$1.00

+0.00%
0USDP
1USDP$1.00
0USDP
1USDP$1.00

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About Paxos (USDP)

Contract

Explorers

Website

paxos.com

Community

PAX (Paxos Standard) is the world's first compliant stable currency, issued by blockchain startup Paxos and regulated by the New York Financial Services Department, aimed at providing; Digital alternatives to cash; To provide liquidity for investors trading encrypted assets for real-time transaction settlement across all asset classes. It is a stable currency supported by 1:1 US dollars, with 1 PAX equal to 1 US dollar. All PAX reserves will be 100% mortgaged against the fully held US dollars. PAX is built based on Ethereum's ERC-20 standard and can be sent between any two wallets on the Ethereum network. Verified Paxos customers can purchase or redeem PAX on their company website. PAX is an Ethereum based ERC-20 token, so PAX is automatically listed on most Ethereum supported cryptocurrency exchanges. As an ERC-20 token, PAX is neither exploitable nor mortgaged, and can only be purchased or exchanged. The entire physical structure of PAX services is based on smart contracts that control one-on-one transactions between PAX and the US dollar. As mentioned earlier, the total supply of Paxos standard tokens is supported by the legal tender in reserves. In order to mint and destroy tokens, there is a supply controller address. PAX tokens are open source and their code can be found on the GitHub page. &Nbsp& Nbsp; As a digital asset, Paxos Standard can be instantly moved anywhere in the world. It is based on the Ethereum blockchain and provides the benefits of encrypted assets such as invariance and decentralized accounting. As it is fully collateralized in US dollars, Paxos Standard provides a digital alternative to cash flow that can be traded immediately, 24/7, and fully convertible. As a trust company, Paxos is the trustee and qualified custodian of client funds, thus providing greater protection for client assets than any other existing stable currency. US dollar deposits have been deposited in separate accounts with multiple FDIC insurance US registered banks. &Nbs

Paxos (USDP) Price Trends

24H High--
24H Low--
24H Volume--
Market Cap
$93.66M
All-Time High(ATH)$1.50
Circulating Supply
93.47M USDP
All-Time Low(ATL)$0.9824
Total Supply
93.47M USDP
Market Cap/FDV
100%
Max Supply
Fully Diluted Valuation
$93.66M
Market SentimentPositive

Live Paxos (USDP) Price Update

Paxos price today is $1.00 with a 24-hour trading volume of --, and as such Paxos has a market cap of $93.66M, giving it a market dominance of 0.0020%. The Paxos price moved +0.00% in the last 24 hours.

Time period
Change amount
% Change
1H+$0.00002304+0.0023%
24H--0.00%
7D+$0.0016+0.16%
30D+$0.002698+0.27%
1Y+$0.0016+0.16%

Credibility Indicators

86.80
Reliability Score
Rank #225
PercentileTOP 5%

Popular USDP Exchanges

Investors

Coinbase VenturesCoinbase Ventures
Multicoin CapitalMulticoin Capital
Digital Currency Group (DCG)Digital Currency Group (DCG)
Founders FundFounders Fund
PayPal VenturesPayPal Ventures
Raptor CapitalRaptor Capital
Declaration PartnersDeclaration Partners
Oak HC/FTOak HC/FT

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