Pax Dollar
USDP
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Pax Dollar Token allocation
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Pax Dollar Info
Pax Dollar Team
OrganizationsPax Dollar Intro
Founded by Paxos, Pax Dollar (USDP) is the first digital asset to be issued by the Financial Institution Group and fully secured in U.S. dollars. Paxos is the first virtual currency company to be chartered by the New York State Department of Financial Services. As a chartered limited purpose trust with fiduciary rights under the Banking Act, Paxos is able to provide regulated services in the cryptoassets and virtual goods space.
The Paxos team comes from a wide variety of backgrounds, from Wall Street to Silicon Valley, with a wide variety of experience. It is led by CEO and co-founder Charles Cascarilla, who has spent his career as a client, analyst, investor and now a creator of financial technology. Paxos became the most widely adopted cryptocurrency in the fastest time, backed by more than 20 exchanges and over the counter departments within its first five weeks of existence. It has been listed by six of the top ten cryptocurrency exchanges Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex.
The above is for introduction only and is not intended as investment advice.
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Q&A about Pax Dollar Tokenomics
Explore the tokenomics of Pax Dollar (USDP) and review the project details below.
What is the allocation for Pax Dollar (USDP)?
The total supply of USDP tokens is variable and is pegged to the amount of US dollars held in reserve by Paxos Trust Company.
What is the supply schedule for Pax Dollar (USDP) ?
The supply of USDP tokens is adjusted on demand to maintain the 1:1 peg to the US dollar. When users redeem USDP tokens for US dollars, Paxos Trust Company burns the redeemed tokens. When users mint new USDP tokens, Paxos Trust Company deposits the equivalent amount of US dollars into its reserve accounts. To view real-time updates on token information, you can visit https://paxos.com/usdp-transparency/
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Founded by Paxos, Pax Dollar (USDP) is the first digital asset to be issued by the Financial Institution Group and fully secured in U.S. dollars. Paxos is the first virtual currency company to be chartered by the New York State Department of Financial Services. As a chartered limited purpose trust with fiduciary rights under the Banking Act, Paxos is able to provide regulated services in the cryptoassets and virtual goods space.
The Paxos team comes from a wide variety of backgrounds, from Wall Street to Silicon Valley, with a wide variety of experience. It is led by CEO and co-founder Charles Cascarilla, who has spent his career as a client, analyst, investor and now a creator of financial technology. Paxos became the most widely adopted cryptocurrency in the fastest time, backed by more than 20 exchanges and over the counter departments within its first five weeks of existence. It has been listed by six of the top ten cryptocurrency exchanges Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex.
The above is for introduction only and is not intended as investment advice.