What is Pax Dollar (USDP)?
Pax Dollar (USDP) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space. The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley.
How does Pax Dollar work?
It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology. Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates.
What is Pax Dollar used for?
The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology. Paxos has become the most widely adopted cryptocurrency in the fastest time frame, with support from over 20 exchanges and OTC desks in the first five weeks of its existence. It’s been picked up and listed by some of the top cryptocurrency exchanges, Binance, OKEx, Gate.io, KuCoin and DigiFinex. These exchanges are offering PAX as an alternative to the controversial Tether.
Where can you buy Pax Dollar?
Pax Dollar (USDP) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for USDP sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting USDP, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Pax Dollar (USDP)?
The reported 24-hour trading volume of Pax Dollar is $7.52M. Volume is a live reading of how much USDP changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Pax Dollar (USDP)?
Pax Dollar reached an all-time high of $1.18 on April 16, 2024, and an all-time low of $0.8635 on May 19, 2021. It is currently trading -15.63% from its peak and +15.74% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where USDP sits in its long-run price range.
What is the market cap of Pax Dollar (USDP)?
Pax Dollar's market capitalization is currently $40.55M, and it is ranked #580 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (40.57 million USDP are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Pax Dollar (USDP)?
The fully diluted valuation (FDV) of Pax Dollar is $40.55M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Pax Dollar compare against its peers?
Over the past 24 hours, Pax Dollar has moved +0.00%. Over the past seven days, the change is -0.00%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether USDP is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Pax Dollar against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Pax Dollar?
Like any crypto asset, the right way to store USDP depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
