| Title | Pax Dollar USDP| Crypto Markets | Crypto Currency |
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| URL | https://www.coingabbar.com/en/crypto-currency/paxos-standard-usdp-prices-usd |
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| Category | Business --> Accounting |
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| Meta Keywords | paxos usdp, how to buy pax dollar, usdp crypto, pax coin price, cryptocurrency market cap, cryptocurrency share price |
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| Meta Description | A stablecoin may be linked to another cryptocurrency or to flat money. In certain circumstances, it can even be traded for commodities. |
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| Owner | crypto news |
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| Description |
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| A stablecoin may be linked to another cryptocurrency or to flat money. In certain circumstances, it can even be traded for commodities. Pax Dollar provides the advantage of trading with blockchain assets while minimising price risk. The Pax Dollar tokens (USDP) are produced as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 by USD stored in Paxos-owned US bank accounts. |
