How Much is 1 USDP in BITCNY?

A1 USDP is worth 5.70969 BITCNY

APax Dollar has been weakening against the bitCNY over the last 365 days. Today the USDP / BITCNY exchange rate is 16.9% lower than it was 365 days ago.

AEach crypto exchange has a slightly different focus and fee structure. Some exchanges are focused on simplicity and ease of use, however they may offer a slightly more expensive rate. Others are professional exchanges that can handle advanced order types and have smaller spreads meaning they can offer more competitive rates. Some exchanges will charge no exchange fee, but will effectively build a fee into a higher exchange rate.

AYou can earn up to 6% APY on Pax Dollar at Ledn, or go to our Pax Dollar savings table to compare more rates.

ANo, Pax Dollar worth less than bitCNY. 1 Pax Dollar is worth 0.99 USD. 1 bitCNY is worth 0.18 USD.

APax 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.

AYou can earn up to 6% APY on bitCNY at Ledn, or go to our bitCNY savings table to compare more rates.

ANo, 1 BITCNY worth less than 1 USDP. 1 BITCNY is worth 0.18 USD. 1 USDP is worth 0.99 USD.