Pax Dollar (USDP)
Pax Dollar (USDP) is a stablecoin created by Paxos, a financial technology company focused on modernizing finance through the use of blockchain technology.
Overview
Paxos is a regulated trust company with blockchain expertise and has been granted a charter by the New York State Department of Financial Services. Its mission is to offer regulated services in the crypto-asset and virtual commodities space.
About Paxos
The Paxos team is composed of individuals with diverse backgrounds, ranging from Wall Street to Silicon Valley. Led by CEO and co-founder Charles Cascarilla, the team combines their expertise in finance and technology to create innovative financial solutions.
Partnerships and Listings
Pax Dollar (USDP) has gained significant traction in the cryptocurrency market, being listed on multiple exchanges. Some of the exchanges where USDP is listed include Binance, Phemex, Trubit, BitMart, MEXC, LATOKEN, Gate.io, Uniswap V2 (Ethereum), HitBTC, Ruby Exchange, KuCoin, Coinbase Exchange, Tokpie, Bittrex Global, Indodax, SouthXchange, Bitfinex, Huobi, and Bitstamp.
Stability and Security
Pax Dollar (USDP) is the first digital asset to be issued by a financial institution and is fully secured by the U.S. dollar. Unlike previous stablecoins, USDP provides proof of full U.S. dollar reserves and is backed by the credibility of a regulated financial institution.
Benefits of Pax Dollar
- Backed by U.S. dollar reserves
- Regulated and secure
- Supported by a wide range of exchanges
- Utilizes blockchain technology for modern settlement solutions
- Eliminates risk and simplifies settlements
Pax Dollar Website
For more information about Pax Dollar (USDP), please visit the official website: https://www.paxos.com/standard/
FAQs
What is Paxos?
Paxos is a financial technology company that aims to modernize finance by leveraging blockchain technology to create innovative solutions for the crypto-asset and virtual commodities space.
Is Pax Dollar regulated?
Yes, Pax Dollar (USDP) is issued by Paxos, a regulated trust company that holds a charter from the New York State Department of Financial Services.
How is Pax Dollar different from other stablecoins?
Pax Dollar (USDP) is the first stablecoin to be issued by a financial institution and is fully secured by the U.S. dollar. It provides proof of full U.S. dollar reserves, setting it apart from previous stablecoins.
Which exchanges list Pax Dollar?
Pax Dollar (USDP) is listed on various exchanges, including Binance, Phemex, Trubit, BitMart, MEXC, LATOKEN, Gate.io, Uniswap V2 (Ethereum), HitBTC, Ruby Exchange, KuCoin, Coinbase Exchange, Tokpie, Bittrex Global, Indodax, SouthXchange, Bitfinex, Huobi, and Bitstamp.