What is Pax Dollar (USDP)?

Pax Dollar crypto token

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 […]