Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets. A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued as ERC-20 token on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.
Effortlessly convert USDP and other cryptocurrencies to stay updated on the latest fiat exchange rates. Whether you're buying, selling, or simply tracking the market, our real-time data keeps you informed every step of the way. With just a few clicks, you can access instant results: simply select a crypto you wish to convert, enter the amount, and select your desired fiat currency. It's never been easier!