Price change (24h):
0.01%
High (24h):
$0.999667
Low (24h):
$0.998843
Volume (24h):
$6.36M
Market Cap:
$31.94M
All Time High:
15.62% $1.18
Apr 16, 2024
All Time Low:
16% $0.86
May 19, 2021
Pax Dollar
USDP0.08 %(1Y)
$0.999519
About Pax Dollar
Pax Dollar (USDP) is a cryptocurrency launched in 2018. The asset operates as a U.S. dollar-pegged stablecoin issued by Paxos Trust Company, a New York-chartered financial institution that has held a limited purpose trust charter since 2015.
It serves as a fully-reserved digital dollar built to eliminate settlement risk and provide transactional stability in crypto markets. Unlike earlier stablecoins plagued by opacity, USDP offers verifiable fiat backing held in regulated custody, functioning as a transparent bridge between conventional finance and on-chain value transfer. Traders, exchanges, and payment providers use the token to bypass the volatility inherent in unpegged digital assets.
The token operates on the Ethereum network. A parallel Solana SPL deployment extends its reach to high-throughput environments.
Pax Dollar (USDP) implements the ERC-20 token standard on Ethereum, while the Solana instance adheres to the SPL token specification. The smart contracts governing minting and burning have been publicly audited, with source code accessible across repositories that have accumulated over 170 GitHub stars. These deployments allow USDP to integrate into a wide array of decentralized exchanges, lending protocols, and automated market makers without custodial friction.
Paxos was founded in 2012 by Charles Cascarilla and Rich Teo under the name itBit, a pioneering bitcoin exchange licensed by the New York State Department of Financial Services. The entity rebranded to Paxos Trust Company in 2015 after securing its trust charter, then pivoted toward blockchain-based settlement infrastructure. In September 2018, the firm launched the original Paxos Standard stablecoin, later renamed Pax Dollar. Cascarilla previously co-founded Cedar Hill Asset Management in 2005 and held positions at Bank of America and Goldman Sachs, bringing over fifteen years of financial services experience to the project.
The project’s long-term objective is to modernize post-trade settlement and mobilise asset value with the speed of the internet, using a regulated blockchain framework. By embedding dollar claims into a programmable token, Paxos aims to collapse the latency and counterparty risk that plague traditional clearinghouses. This vision extends beyond mere payments—it aspires to create a compliant on-chain primitive for equities, commodities, and other asset classes.
Mechanically, each USDP token represents a direct liability of Paxos Trust Company, redeemable on a 1:1 basis for U.S. dollars held in segregated accounts. The protocol mints new tokens upon fiat deposit and burns them instantly when a holder exercises redemption, ensuring supply elasticity mirrors demand without discretion. In decentralized finance applications, the token functions as stable collateral, a unit of account, and a settlement asset, while governance remains centralized under the issuer’s regulatory perimeter.
Market participants hold USDP to hedge against intraday drawdowns, while exchanges like Binance and OKX list it as a base pair for trading against volatile assets. Arbitrage desks exploit deviations from the dollar peg by minting or redeeming directly with Paxos, tightening price stability. Lending protocols and yield aggregators integrate the token as a low-risk collateral type, enabling borrowers to access liquidity without exiting crypto positions.
Pax Dollar (USDP) has a total supply of 40,569,459.93 tokens. Currently, 40,569,459.93 are in circulation. With a market capitalization of $40,561,377.00, Pax Dollar (USDP) ranks #540 among all cryptocurrencies.
Pax Dollar Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 06/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 05/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 04/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 03/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 02/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 01/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 30/06/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
Why is manual trading Pax Dollar a bad idea?
Manual usdp trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
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Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Pax Dollar (USDP) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live USDP price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Pax Dollar (USDP) is $0.999519. Over the last 24 hours, it has moved -0.01%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Pax Dollar on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your USDP investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Stablecoins (like USDP) are designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. While their price typically stays close to the peg, they can occasionally depeg due to market stress, liquidity issues, or concerns about reserve backing.
Many traders use stablecoins as a safe haven during crypto market volatility or as a convenient way to move funds between exchanges. -
We can’t provide investment advice. Whether Pax Dollar is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. USDP can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
