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Pax Dollar (USDP)

€ 0,95213

0,20 % € 0,00190
24h 1w 1m 1y All

Pax Dollar Price in Euros

(USDP to EUR)

€ 0,95213

Pax Dollar Volume

(24h)

€ 2.62 M

Market Cap

(Pax Dollar)

€88.98 M
BTC

What is Pax Dollar

Pax Dollar (USDP), formerly Paxos Standard (PAX), is a stablecoin pegged to the US dollar. It is issued as an ERC20 token on Ethereum and its value is backed by fiat money.

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How does Pax Dollar work?

The company behind Pax Dollar holds US dollars in bank accounts. These accounts are held at US depository institutions. How much money is in the accounts here depends on the number of tokens issued.

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How to buy Pax Dollar?

You can easily buy Pax Dollar (USDP) at Coinmerce by specifying how many USDP tokens you want to buy in the buy window. You can also enter a euro amount. Then select the desired order and pay with iDEAL, SEPA or credit card.

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How to buy Pax Dollar?

Do you want to buy Pax Dollar (USDP)? At Coinmerce you can do it quickly, safely and easily. In the purchase window you specify how many USDP tokens you want to buy. It is also possible to enter an euro amount, after which we will calculate the number of USDP tokens available. It is possible to place a spot order, repeat order or stop limit order. Coinmerce takes care of the execution of the order and you only need to pay with iDEAL, SEPA, credit card, Giropay or MyBank. After the order is executed, you will find Pax Dollar in your Coinmerce wallet.

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About Pax Dollar

Pax Dollar is a stablecoin formerly known as Paxos Standard (with the PAX token). Meanwhile, Charles Cascarilla and Rich Teo, the founders of Pax Dollar, have changed the name. The stablecoin is pegged to the US dollar and is licensed by the New York State Department of Financial Services. This means that stablecoin is fully regulated and under continuous monitoring. At all times, a stablecoin must be backed by an underlying product from which it can derive its value. In the case of Pax Dollar, that is dollars held in bank accounts. Because the value will always remain stable, Pax Dollar is an ideal payment method. Users can send value easily and securely over Ethereum's blockchain. Also, many stablecoins like Pax Dollar are deployed for strike, allowing users to earn an interest on the number of tokens they deploy.

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Video Video
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Founder Charles Cascarilla
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Founder Rich Teo
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Founder
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Founder
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Founded September of 2018
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Industry Stablecoin
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Website Website
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Network Ethereum
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Location United States of America
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Rank 536
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Market Cap 88.98 M
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Trading volume 2.62 M
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Maximum coins 0
euro
Circulating 93.48 M
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