Maker (MKR) |
vs |
Pax Dollar (USDP) |
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Maker (MKR) | Pax Dollar (USDP) |
Maker is the native token of decentralized lending platform Maker. Maker is a utility token and can be staked in return for rewards. Maker platform's most used product is DAI stablecoin. Users can use Ethereum as collateral to create new DAI stablecoins. Maker platform is governed by MakerDAO which is a decentralized autonomous organization. Maker holders can vote on MakerDAO's governance.
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Pax Dollar (USDP) is a stablecoin that is pegged to the value of the US dollar on a 1:1 basis. It was launched by Paxos Trust Company in 2018 and is regulated by the New York State Department of Financial Services (NYDFS). USDP is backed by US dollars held in reserve, which are regularly audited by third-party accounting firms to ensure that the reserves match the outstanding USDP tokens in circulation.
One of the unique features of USDP is its focus on transparency and regulatory compliance. Paxos Trust Company is a regulated financial institution and is subject to regular audits and oversight by regulatory authorities. This provides investors and users with greater confidence in the stability and security of the USDP token.
USDP can be used for a wide range of applications, including payments, remittances, and international money transfers. It can also be used as a trading pair on cryptocurrency exchanges and as a means of payment for goods and services. USDP is particularly popular among users who wish to trade cryptocurrencies without having to deal with the volatility of other digital assets.
Overall, USDP is a stable and secure digital asset that is designed to provide a reliable means of payment and store of value. Its focus on transparency, regulatory compliance, and stability sets it apart from many other stablecoins in the market, and it has gained significant adoption among investors and traders in the cryptocurrency space. As of April 2023, the price of USDP is approximately 1 USD, as it is intended to maintain a stable value relative to the US dollar.
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Key Data |
|
Maker (MKR) | Pax Dollar (USDP) |
Coin Name
Maker
|
Coin Name
Pax Dollar
|
Symbol
MKR
|
Symbol
USDP
|
Type
Token
|
Type
Token
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CoinMarketCapRank
No 43
|
CoinMarketCapRank
No 374
|
Network
None
|
Network
None
|
Stable Coin
No
|
Stable Coin
Yes
|
Max Supply
1,005,600
|
Max Supply
-
|
Circulating Supply
901,310
|
Circulating Supply
461,760,000
|
Total Supply
977,630
|
Total Supply
461,760,000
|
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Price |
|
Maker (MKR) | Pax Dollar (USDP) |
|
|
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Calculate MKR in USDP | Calculate USDP in MKR |
24 Hour Volume USD
-
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24 Hour Volume USD
-
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24 Hour Volume USD
-
|
24 Hour Volume USD
-
|
24 Hour Price Change
-3.98000000000000042633%
|
24 Hour Price Change
0.11400000000000000411%
|
7 Day Price Change
-8.01999999999999957367%
|
7 Day Price Change
0.16500000000000000777%
|
30 Day Price Change
-7.13999999999999968026%
|
30 Day Price Change
0.0488000000000000031%
|
Market Cap USD
2,685,600,000 USD
|
Market Cap USD
135,020,000 USD
|
Market Cap USD
2,685,600,000 USD
|
Market Cap USD
135,020,000 USD
|
|
|
Staking Rates |
|
Maker (MKR) | Pax Dollar (USDP) |
YouHodler
2.5% APY
|
YouHodler
8% APY
|
Compound
0.32% APY
|
Compound
0.45% APY
|
Balancer
0.61% - 0.66% APY
|
Balancer
-
|
Bancor
0.18% APY
|
Bancor
-
|
Sushi Swap
1.49% APY
|
Sushi Swap
-
|
Uniswap
0.54% - 11.6% APY
|
Uniswap
-
|
|
|
Staking Rates |
|
Maker (MKR) | Pax Dollar (USDP) |
Nexo
-
|
Nexo
8% - 14% APY
|
YouHodler
2.5% APY
|
YouHodler
8% APY
|
Crypto.com
-
|
Crypto.com
0.1% - 3% APY
|
Compound
0.32% APY
|
Compound
0.45% APY
|
Stake DAO
-
|
Stake DAO
8.73% APY
|
Convex Finance
-
|
Convex Finance
0.61% - 7.86% APY
|
Yearn Finance
-
|
Yearn Finance
9.69% APY
|
|
|
Loan Rates |
|
Maker (MKR) | Pax Dollar (USDP) |
Crypto.com
-
|
Crypto.com
8% - 12% APR
|
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