pax dollar: News of Pax Dollar (USDP) - July 2024 Price Update - 17.92% Breakout Crypto News and Analysis

To God be the Glory

Explore the Core.

Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets. A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

Trade hard. Joy is coming

Explore the Core.

Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets. A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

Explore the Core.

Pax Dollar is a fiat-collateralized stablecoin that is pegged to the U.S Dollar. The unique thing about Pax Dollar is that it's managed by a company that has a charter from the New York State Department of Financial Services. Thus, it has the legal authority to provide its services within the crypto world

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.