Pax Dollar xarid qiling.

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, reflecting the value of the U.S. dollar. Its market capitalization stands at $47,521,105. USDP reached an all-time high of $1.18 on April 16, 2024. There are 47,569,455.21 tokens in circulation, from a total supply of 47,569,455.21, 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.