Price has increased by 0.18% in the last 1 year.
Pax Dollar is currently trading 0.05% above the 200-Day SMA which is $1.00.
The 14-Day Relative Strength Index (RSI) is at 56.09 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways.
The number of green days in the last 30 days is 20 which is 67%.
The circulating supply has yet to be published.
Has high liquidity with 0.00894 volume to market cap ratio. The current market cap is $441.52M while the 24-hour volume is $3.95M
USDP comes under the list of new-arrival cryptos. Hence, there is no Quarterly Return exist.
Pax Dollar coin is a cryptocurrency that is pegged to the U.S. dollar. That means the price of a coin is connected with the price of dollars. Thus enables the users to use a secure digital currency for transactions, investments or just to store as value. Pax Dollar coin is also known as PAX, and it is one of the most popular stablecoins available today.
Pax Dollar coin was created by Paxos, a New York-based company that specializes in blockchain-based financial infrastructure. Because of its stability and authenticity the coin soon became popular after its launch in 2018. Currently Paxos is a financial organisation that provides a variety of blockchain solutions to its clients.
Pax Dollar coin works by utilizing blockchain technology to provide users with a transparent and secure way to store and transfer funds. Since the coin is connected with US dollars making its price constantly identical to the price of one dollar. This enables the users to enjoy a secure digital currency that they can use for various purposes like purchases, trading or for just holding it as a store of value.
Below are some of the benefits of using Pax Dollar.
Any digital wallets that support ERC-20 tokens can be used to store Pax Dollar coins. MyEtherWallet, Trust Wallet and Ledger Nano S are some of the examples of such digital wallets.
Binance, Bitfinex, and Krakens are some of the cryptocurrencies that can be exchanged for the purchase or sales of Pax Dollar coin. For the purchase of Pax Dollar coin, you will have to create an account on any of the above-mentioned exchanges and by following the instructions you can buy PAX Dollar coin.
There are several stablecoins available today, including Tether, USD Coin, and TrueUSD. While these coins all offer stability and reliability, there are some key differences between them.
For example, Tether has faced controversy in the past regarding its transparency and backing, while Pax Dollar coin has been praised for its transparency and regulatory compliance. Additionally, the Pax Dollar coin offers faster transaction times than some other stablecoins, such as TrueUSD.
While Pax Dollar coin is a reliable and stable digital currency, there are still some potential risks that users should be aware of. One such risk is the possibility of regulatory changes that could impact the use or value of the coin. Unlike other cryptocurrencies there is a risk of hacking and theft , thus the users have to choose perfect measures to safeguard their wallets and funds.
The future outlook for Pax Dollar coin is positive, as more users are looking for stable digital currencies that can provide a reliable alternative to traditional fiat currencies. Additionally, Paxos has received regulatory approval from several financial authorities, which further strengthens the coin's reputation and potential for growth.
The current price of the Pax Dollar(USDP) is $1.00, with a current market cap $441,519,416.12.
USDP is a ticker symbol of the Pax Dollar.
At the movement,441.18M Pax Dollar tokens are already in the market out of 441.18M USDP.
Yes,It is a stablecoin.
Pax Dollar had an all-time low of $0.87.
Pax Dollar had an all-time low of $0.87.
No, the Pax Dollar (USDP) coin cannot be mined.
By exchanging USDP against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Pax Dollar can be earned or received in various ways. USDP considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the USDP, including USDP to PHP, USDP to INR, USDP to NGN, USDP to THB, USDP to CAD, USDP to PKR, USDP to IDR , USDP to EUR , USDP to AUD , USDP to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 USDP is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like USDP to LUNC, USDP to ORDI, USDP to CIRUS, USDP to HNT, USDP to BTC, USDP to INSP, USDP to BEAM, USDP to PAID, USDP to BIGTIME, USDP to PEPE .
Pax Dollar price today is $1.00 USD, which is Up by 0.53% over the last 24 hours. There has been an hourly Rise by 0.17%. Pax Dollar's market cap currently sits at $441,519,416.12 USD, holding up for a market cap rank at #106. The volume were at $3,946,528.59 USD Pax Dollar ranks no 106 in the market capitalization of Pax Dollar is at $441,519,416.12 and its volume for 24 hours is $3,946,528.59. Pax Dollar are under circulation, with total supply of 441.18M and the Maximum supply of 0.
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