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Pax Dollar (USDP)USDP
Pax Dollar (USDP)
USDP Price
Market Cap (24H)
Volume (24H)
Circulating Supply
Transp. Vol.
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United States Dollar logo
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Pax Dollar (USDP) is a stablecoin and calls itself “the world's first regulated crypto asset.” The Pax Dollar is issued...Read more

Pax Dollar Price (USDP)

USDP Daily Performance

Today's Pax Dollar price is $1.0059, which is down <1% over the last 24 hours. Pax Dollar's market cap is $762.01M. 24 hour USDP volume is $1,871. It has a market cap rank of 67 with a circulating supply of 757,552,716 and max supply of 757,552,716. Pax Dollar is traded on exchanges. Pax Dollar had an all-time high of $1.0719 over 1 year ago. Over the last day, Pax Dollar has had 0% transparent volume and has been trading on 652 active markets with its highest volume trading pairs being .

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Pax Dollar Statistics

Pax Dollar Price (24hr)$1.0059 (-0.04%)
Market Cap$762.01M (-6.23%)
Trading Volume (24hr)$1,871 (-6.98%)
Transparent Vol. (24hr)
Transparency GradeUnknown
Circulating Supply757,552,716 (100.00%)
All-Time High
7D Price Prediction


Price Change
-$0.000432 (-0.04%)

All-Time High

Date of ATH
Days Since ATH
% of ATH93.84%
Price vs ATH

Market Cap

Mkt Cap Change
-$50.64M-$50,643,142 (-6.23%)
Mkt Cap Rank67
Mkt Dominance
Mkt Dominance

Circulating Supply

Max Supply757,552,716
% in Circulation100.00%
% in Circulation

About Pax Dollar

Pax Dollar (USDP) is a stablecoin and calls itself “the world's first regulated crypto asset.” The Pax Dollar is issued by the Paxos Trust Company and is fully collateralized by the US dollar at a 1:1 ratio. The dollar reserves are held in segregated accounts at multiple FDIC-insured banks located throughout the United States. Pax Dollar was formerly known as Paxos Standard Stablecoin (PAX).

Paxos was co-founded by Charles Cascarilla (CEO) and Rich Teo (CEO of itBit Asia) in 2012. Before Paxos, Cascarilla spent 15 years working in traditional finance as a financial analyst, portfolio manager, and partner at venture funds and institutional asset management funds. Similarly to Cascarilla, Teo worked in traditional finance as a financial analyst and senior analyst before cofounding Paxos.

In 2012, Paxos launched a cryptocurrency exchange called itBit. Three years later (May 2015), the New York State Department of Financial Services (NYSDFS) granted Paxos a trust company charter that established Paxos as the first regulated financial institution to offer crypto products and services in America. In September of 2018, Paxos launched the Paxos Standard stablecoin on the Ethereum blockchain following the ERC-20 token standard. Anyone with an Ethereum wallet can send and receive Paxos Standard tokens. In August of 2021 the Paxos Standard Stablecoin was renamed to the Pax Dollar and the ticker symbol was changed from PAX to USDP.

As a Trust company, Paxos is a fiduciary and qualified custodian of customer funds which means they have a legal obligation to act in the best interest of their users. The dollar deposits, which are held in segregated accounts at multiple U.S.-domiciled banks, are audited by Withum, a nationally top-ranking auditing firm. Withum independently verifies that the entire supply of Paxos Standard tokens is consistent with the US dollars in the reserve accounts managed by Paxos. Withum generates monthly attestation reports which are published on the Paxos website.

The Paxos Standard smart contract has been audited by smart contract auditors Nomic Labs (no relationship with Nomics.com) and ChainSecurity.

In addition to its function as a stablecoin, PAX also functions as a utility token giving itBit exchange users the ability to withdraw other crypto assets (e.g. Bitcoin) to PAX immediately and without fees.

When Pax Dollar tokens are in circulation, the corresponding dollars are held in reserve. When USDP is redeemed for US dollars, Pax Dollar tokens are immediately destroyed via the smart contract. Tokens are only in circulation when the corresponding US dollars are in custody.

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Pax Dollar Markets

(Top 10)

Pax Dollar Historical Data

(Past 7 Days)

Frequently Asked Questions

  • What’s the current Pax Dollar price? How much is 1 Pax Dollar worth?

    The price of 1 Pax Dollar is $1.0059. Over the last 24 hours, a Pax Dollar is worth -0.04% less. Visit our currency converter page to convert USDP prices to currencies other than USD.
  • When did Pax Dollar start?

    The earliest trading data for Pax Dollar is on September of 2018 (based on current exchange data).
  • How high can the Pax Dollar price go?

    Pax Dollar’s price has gone as high as $1.0719 (which is USDP’s all-time high). It achieved this price over 1 year ago. Speculations abound for how high Pax Dollar’s price will get in the future.
  • What's the smart contract address for Pax Dollar?

    Pax Dollar's smart contract address is 0x8e870d67f660d95d5be530380d0ec0bd388289e1.

Today's USDP / Pax Dollar News for March 21, 2023


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