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Pax Dollar (USDP)


Price Quotes, Volume & Historical Data

What is Pax Dollar (USDP)?

Pax Dollar (USDP) is a stable coin owned by Paxos Trust Company, LLC. It combines the stability of the dollar with the efficiency of blockchain technology. Paxos is regulated by the New York State Department of Financial Services, which has deep experience and knowledge as an intermediary between fiat and digital assets.Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and decentralized accounting. Since it is fully collateralized by dollars, Paxos Standard offers a liquid and digital alternative to cash, available 24/7 for instantaneous transaction settlement and fully redeemable. Paxos Standard has been designed as an Ethereum token written according to the ERC-20 protocol so that anyone with an Ethereum wallet will be able to send and receive Paxos Standard tokens. The smart contract has been audited by smart contract auditors Nomic Labs and ChainSecurity, and nationally top-ranking auditing firm Withum will perform attestation procedures on their token and bank account balances on a month-end basis.Why Use Paxos Standard:Hold digital assets in USDP to limit exposure to volatilitySettle the cash component of digital asset transactions in dollar-equivalent denominationsMove between digital assets with ease and lower feesSettle transactions outside of traditional banking hoursTransact internationally more efficiently

Where To Buy Pax Dollar?

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What is the price of USDP?

The current price of Pax Dollar (USDP) is $0.00

Other Cryptos like USDP

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More Details

Official Website https://paxos.com/usdp/
Whitepaper https://www.cryptocompare.com/media/38553591/usdp-whitepaper.pdf
Launch Date September 10, 2018
Total Coins Mined 850,858,135.4700
Smart Contract Address 0x8e870d67f660d95d5be530380d0ec0bd388289e1
Built On ETH
Decimal Points 18
Max Supply Unlimited
Algorithm N/A
Proof Type PoW
Circulating Supply 850858135.47