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.

我们实时将 Paxos Standard 更新为 USD 货币。通过 Coinbase 获取最新 Paxos Standard 价格。

Paxos Standard的当前市值为 US$2245.841万。高市值意味着该资产在市场上的价值很高。

Paxos Standard的历史最高价位是 US$687.00。这是Paxos Standard自推出以来的最高价格。

在过去 24 小时内，Paxos Standard的交易量为 US$53.044万。

与Paxos Standard具有相似市值的资产包括Gensyn, Travala.com, Orbio.so和许多其他资产。要查看完整列表，请参阅我们的可比市值资产。

Paxos Standard的当前流通供应量是 2250万。

Paxos Standard在 Coinbase 上的可交易资产中排名 288。受欢迎程度目前基于相对市值。

目前，有 80% 的 Coinbase 用户正在购买Paxos Standard。换句话说，80% 的 Coinbase 客户在过去 24 小时内通过交易增加了他们在Paxos Standard的净头寸。