Pax Dollar (USDP) is a stablecoin, a type of cryptocurrency designed to minimize price volatility. Launched in 2018 by Paxos, a regulated financial institution, Pax Dollar seeks to combine the stability of the U.S. dollar with the efficiency of blockchain technology. Each Pax Dollar token is issued as an ERC-20 token on the Ethereum blockchain and is collateralized 1:1 with the USD held in Paxos-owned U.S. bank accounts. This means that for every Pax Dollar token in circulation, there is an equivalent U.S. dollar held in reserve, providing a stable value for the token.

Pax Dollar operates on the Ethereum blockchain, following the ERC-20 protocol. This allows it to be transacted over the Ethereum blockchain in the same way as Ether or any other ERC-20 asset. If a user wants to redeem their USDP, they can send tokens to an address controlled by Paxos. Paxos will then destroy the tokens and transfer fiat currency to the user’s bank account. This process allows for the straightforward exchange of U.S. dollars for Pax Dollar tokens, providing users with the benefits of blockchain assets while minimizing price risk.

Pax Dollar seeks to improve the larger financial ecosystem by creating an efficient global network where all digital assets can be mobilized quickly, with a high level of flexibility and accessibility. It can be used as a means of exchange for other blockchain-based assets, providing a stable asset for transactions within and across asset classes. It can also be used as a hedge during times of volatility in the digital asset market, allowing investors to limit their exposure to digital asset volatility by holding assets in Pax Dollar. Furthermore, it can facilitate the settlement of assets with fiat currency outside of traditional banking hours, providing a more efficient and flexible solution for financial institutions and trading firms.

Pax Dollar was created by Charles Cascarilla and Rich Teo, co-founders of Paxos, in September 2018. Paxos, the company behind Pax Dollar, has a charter from the New York State Department of Financial Services, allowing it to offer regulated services within the crypto asset world. The token itself is backed by the USD in accounts that are held by the company at U.S. depository institutions. Since its inception, Pax Dollar has been striving to create a network where digital assets can be transferred with more flexibility.

Atualizamos o nosso Paxos Standard para a moeda EUR em tempo real. Obtenha o preço atual de Paxos Standard na Coinbase.

A atual capitalização do mercado de Paxos Standard é € 53,92 mi. Uma capitalização do mercado elevada implica que um ativo é altamente valorizado pelo mercado.

O maior valor histórico de Paxos Standard é € 585,43. Este maior valor histórico é o preço mais alto pago por Paxos Standard desde o seu lançamento.

Nas últimas 24 horas, o volume de negociação de Paxos Standard foi € 2,69 mi.

Os ativos com uma capitalização do mercado semelhante a Paxos Standard incluem OpenVPP, StandX DUSD, Mythos e muitos outros. Para ver uma lista completa, consulte os nossos ativos com capitalização do mercado comparável.

A atual oferta em circulação de Paxos Standard é 63 milhões.

Paxos Standard encontra-se em 315 entre os ativos negociáveis na Coinbase. De momento, a popularidade baseia-se na capitalização do mercado relativa.

De momento, 80% dos utilizadores da Coinbase estão a comprar Paxos Standard. Por outras palavras, 80% dos clientes da Coinbase aumentaram a sua posição líquida em Paxos Standard nas últimas 24 horas através de negociação.