Pax Dollar USDP

Pax Dollar (USDP) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space.

The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology.

Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology.

Pax Dollar price analysis

At the time of writing, Pax Dollar (USDP) trades at $0.999254, with a 24-hour trading volume of $7.67M and a total market capitalization of $40.54M. The asset is currently ranked #570 among all tracked cryptocurrencies by market cap.

Over the last 24 hours, the USDP price has dropped +0.00%. On the seven-day chart, Pax Dollar has retraced +0.01%, under sustained selling pressure in both timeframes. Short-term price swings are often amplified by liquidity conditions, news flow, and derivatives positioning, so traders should confirm signals across multiple indicators before acting.

Pax Dollar's all-time high of $1.18 was set on April 16, 2024. The current market price is +15.65% below that historical peak. Distance from the all-time high is a common reference point when evaluating long-term recoveries and identifying macro support or resistance levels.

How to buy Pax Dollar

Buying Pax Dollar (USDP) is straightforward once you know which exchange to use and which trading pair offers the best liquidity. The steps below describe the typical flow used by most investors today.

1. Choose a reputable exchange. Pick a platform that lists USDP with deep liquidity, transparent fees, and strong security practices. Our compares the leading venues side-by-side.