Buy Pax Dollar.
Purchase USDP in a few taps. Buy with a credit, debit card or bank transfer.
Purchase USDP in a few taps. Buy with a credit, debit card or bank transfer.
Pax Dollar (USDP) is a U.S. dollar–backed stablecoin issued by Paxos Trust Company, a regulated financial institution based in the United States. Each USDP token is fully backed 1:1 by U.S. dollar reserves held in FDIC-insured banks or backed by short-term U.S. Treasuries. This structure ensures that the token maintains a stable value while meeting high regulatory and transparency standards.
As an ERC-20 token on the Ethereum blockchain, USDP combines the reliability of traditional fiat with the efficiency of digital assets. It enables users to transfer, store, and use U.S. dollars on-chain — instantly and globally — without going through traditional banking rails.
USDP is designed for a wide range of use cases in the crypto ecosystem, including payments, trading, lending, and DeFi. It is regularly audited, with reserve attestations published monthly to verify that every token in circulation is fully backed. Paxos is also a licensed trust company under New York State regulation, adding further credibility and compliance to the token’s design.
The price of Pax Dollar is designed to remain stable at $1.00, reflecting the value of the U.S. dollar. Its market capitalization stands at $69,953,614.00. USDP reached an all-time high of $1.18 on April 16, 2024. There are 69,953,449.28 tokens in circulation, from a total supply of 69,953,449.28, with the maximum supply set at .
As interest increases in transparent and regulated stablecoins, Pax Dollar is known for its institutional compliance framework, real-time functionality, and fully backed reserve structure. It is used across centralized exchanges, DeFi platforms, and payment networks.
You can buy Pax Dollar with your credit or debit card through Nexo, or select from other available funding options for real-time access to digital dollars. Proceed to the Nexo Exchange in order to buy USDP.
Swap assets for USDP with fixed price execution on Nexo’s crypto exchange.
Borrow funds from 2.9% interest without selling any of your Pax Dollar.
Spend your funds on Credit and Debit Mode from a single card and earn interest on your spendable balance.
Make free Pax Dollar transfers to your family or friends as long as they have a Nexo account.
You can buy Pax Dollar directly with a credit or debit card, as well as cards connected to your Apple Pay or Google Pay.
To learn more about how to buy Pax Dollar via card, visit our dedicated Help Center article.
You can top up funds from your local bank via a bank transfer. EUR and GBP transfers arrive quickly, while USD wires generally take up to 2 business days to be reflected in your account.
Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of USDP you want.
To start receiving crypto cashback on USDP purchases, your account balance needs to be above $5,000 worth of digital assets. The specific amount you receive depends on your Loyalty Tier.
To get the maximum crypto cashback amount, maintain an account balance above $5,000 worth of digital assets and join the Platinum Loyalty Tier by holding at least 10% of NEXO Tokens against the rest of your portfolio.
To find out the exact reward rates for each tier, visit our Help Center.
We use multiple custodians including Ledger Vault, Fireblocks, and others, to diversify our custodial infrastructure. Along with that we offer:
You can learn more about our fundamentals here.
