USDP
-99.97%
($73.25 M)
21.63%
9.52%
5.84%
5.01%
4.67%
4.45%
3.10%
3.08%
1.41%
1.40%
6.12 M
We estimated the value of this pool based on the value of its stable/native coins.
Top 5 pools out of 11
USDP / USDC
$6.11 M / $3.85 k
USDP / TUSD
$2.18 k / $2.17 k
USDP / WETH
$1.62 k / $1.61 k
USDP / USDC
$798.07 / $1.96 k
USDP / WETH
$185.49 / $196.24
Executing with a focus on the development of modern settlement solutions using blockchain, Paxos originally took on the role of a token exchange. It later navigated its efforts towards the creation of a settlement platform using the same technology. Over time, Paxos has aligned with the trend of token utilization, acquiring the backing of numerous exchanges and over-the-counter (OTC) desks. The company presents Pax Dollar (USDP), a token characterized by its issuance and support mechanism. Set apart from many other tokens, USDP fosters an interesting alternative to certain heavily debated tokens. One distinct key characteristic of USDP is its issuance through a specific method and its backing mechanism, underlining a recurring attribute among certain categories of tokens. Cleared by the New York State Department of Financial Services, Paxos operates with certain permitted abilities, paving the way for it to offer services in the token asset and virtual commodities sectors.
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USDP Metrics:
Current price: $1.0041
Market cap: $121.89 M
All-time high: $1.18 (Apr 16, 2024)
All-time low: $0.86 (May 19, 2021)
Daily trading volume: $152.28 k
In the last 24h, USDP holders generated $6.56k volume.