Pax Dollar (USDP)
Pax Dollar (USDP)
0.999904 -0.05 %
Rank # 651 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 93,477,695.00
Total Supply 93,477,694.95
Max Supply 0.00
  • Ethereum ethereum-0x8e870d67f660d95d5be530380d0ec0bd388289e1
  Week Month Year All Time
High

21-11-2024

1.001366325904
-0.15%

12-11-2024

1.007574259018
-0.76%

13-04-2024

1.18
-15.26%

16-04-2024

₹5,730,800.59
-15.62%
Low

13-12-2024

0.999904
0.00%

12-11-2024

0.997384339568
0.25%

25-10-2024

0.993027681238
0.69%

19-05-2021

₹5,628.29
15.76%

Pax Dollar News (Usdp News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Pax Dollar Chart (Usdp Chart)

Pax Dollar Price USD (Usdp Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
Pax Dollar Price History (Usdp Price History)
Price Market Cap Volume Date
Coin Pax Dollar
Comments
Pax Dollar Price Today (Usdp Price Today)


Pax Dollar is a flat-collateralized stablecoin that was launched in September of 2018. Stablecoins are cryptocurrencies meant to reduce the volatility of the stablecoin's price compared to a certain stable asset or a basket of assets.

A stablecoin may be linked to another cryptocurrency or to flat money. In certain circumstances, it can even be traded for commodities. Pax Dollar provides the advantage of trading with blockchain assets while minimising price risk. The Pax Dollar tokens (USDP) are produced as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 by USD stored in Paxos-owned US bank accounts.

Charles Cascarilla and Rich Teo are the inventors of the Pax Dollar.

Paxos's CEO and co-founder is Charles Cascarilla. In addition, he founded the Association for Digital Asset Markets (ADAM) and serves as a founding partner of Liberty City Ventures.

Along with co-founding and holding a partner position at Cedar Hill Capital Partners, he has already had positions as a portfolio manager at Claiborne Capital Management, an analyst at Goldman Sachs as well as an analyst at Bank of America respectively. 

The other founding member of Paxos is Rich Teo. Before that, he worked at Cedar Hill Capital Partners as a principal and senior analyst. He has worked as a financial analyst for Citi and as a combat signaler for the Singapore Armed Forces.

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Also read: PAX Gold Paxg Price USD
Frequently Asked Questions (Crypto FAQs)
The current price of Pax Dollar (USDP) is USD 0.999904
24 Hours, High Price of Pax Dollar (USDP) is USD 1.005 and Low price of Pax Dollar (USDP) is USD 0.996444
The total supply of Pax Dollar (USDP) is 93477694.948415 and Circulating supply of Pax Dollar (USDP) is 93,477,695.00
The trading volume of Pax Dollar (USDP) is 255598856 In the last 24 hours