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.

Actualizamos nuestro Paxos Standard a la moneda MXN en tiempo real. Consulta el precio de Paxos Standard en tiempo real en Coinbase.

La capitalización de mercado actual de Paxos Standard es 421,986 M MXN. Una capitalización de mercado alta implica que el activo es muy valorado por el mercado.

El máximo histórico de Paxos Standard es 12.907,28 MXN. Este máximo histórico es el precio más alto pagado por Paxos Standard desde su lanzamiento.

Durante las últimas 24 horas, el volumen de operaciones de Paxos Standard es de 12,35 M MXN.

Los activos que tienen una capitalización de mercado similar a Paxos Standard incluyen Illuvium, Gensyn, Travala.com y muchos otros. Para ver una lista completa, consulte nuestros activos de capitalización de mercado comparables.

La oferta circulante actual de Paxos Standard es de 22 millones.

Paxos Standard se clasifica 288 entre los activos negociables en Coinbase. La popularidad se basa actualmente en la capitalización de mercado relativa.

Actualmente, el 80 % de los usuarios de Coinbase están comprando Paxos Standard. En otras palabras, el 80 % de los clientes de Coinbase han aumentado su posición neta en Paxos Standard durante las últimas 24 horas a través de operaciones.