What is Pax Dollar (USDP)?
Originally launched in November 2017 as Paxos Standard (PAX), but renamed as Pax Dollar (USDP) on August 24, 2021. Pax Dollar is a digital dollar that is backed one-for-one by cash and cash equivalents. It is issued by the Paxos Trust Company and approved and regulated by the New York State Department of Financial Services. As […]
