Pax Dollar (USDP) |
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bitCNY |
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Pax Dollar (USDP) | bitCNY (BITCNY) |
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 |
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Pax Dollar (USDP) | bitCNY (BITCNY) |
Coin Name
Pax Dollar
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Coin Name
bitCNY
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Symbol
USDP
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Symbol
BITCNY
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Type
Token
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Type
Token
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CoinMarketCapRank
No 374
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CoinMarketCapRank
No 7581
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Network
None
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Network
None
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Stable Coin
Yes
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Stable Coin
Yes
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Max Supply
-
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Max Supply
-
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Circulating Supply
461,760,000
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Circulating Supply
28,246,000
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Total Supply
461,760,000
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Total Supply
28,246,000
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Price |
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Pax Dollar (USDP) | bitCNY (BITCNY) |
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Calculate USDP in BITCNY | Calculate BITCNY in USDP |
24 Hour Volume USD
-
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24 Hour Volume USD
-
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24 Hour Volume USD
-
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24 Hour Volume USD
-
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24 Hour Price Change
0.11400000000000000411%
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24 Hour Price Change
0.16800000000000001044%
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7 Day Price Change
0.16500000000000000777%
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7 Day Price Change
0%
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30 Day Price Change
0.0488000000000000031%
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30 Day Price Change
0%
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Market Cap USD
135,020,000 USD
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Market Cap USD
-
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Market Cap USD
135,020,000 USD
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Market Cap USD
-
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Staking Rates |
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Pax Dollar (USDP) | bitCNY (BITCNY) |
Nexo
8% - 14% APY
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Nexo
-
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YouHodler
8% APY
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YouHodler
-
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Crypto.com
0.1% - 3% APY
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Crypto.com
-
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Compound
0.45% APY
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Compound
-
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Stake DAO
8.73% APY
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Stake DAO
-
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Convex Finance
0.61% - 7.86% APY
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Convex Finance
-
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Yearn Finance
9.69% APY
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Yearn Finance
-
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Loan Rates |
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Pax Dollar (USDP) | bitCNY (BITCNY) |
Crypto.com
8% - 12% APR
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Crypto.com
-
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