USDP Stablecoin
$0
-0.03%
Total dollar volume24H
$37.3262
High24H
1.0006 USDT
Low24H
0.9995 USDT
Market Cap
#991$2,628,030
FDV
$2,628,030
Market Cap / FDV Ratio
1.00
Turnover rate
0%
Circulating supply
2,628,819
Total supply
2,628,819
Max supply
2,628,819
All time high
1.502 USDT
All time high date
Apr 16, 2024
Down from All time high
-33.44%
Cycle low
0.9965 USDT
Cycle low date
May 31, 2025
Up from cycle low
0.32%
Official links
Socials
Introduction
Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets.
A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.