What is USDP (USDP)
What is USDP (USDP)
Start learning about what is USDP through guides, tokenomics, trading information, and more.
USDP (USDP) Basic Introduction
Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets. A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued as ERC-20 token on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.
USDP (USDP) Profile
USDP (USDP) Tokenomics
Tokenomics describes the economic model of USDP (USDP), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behaviour.
USDP TokenomicsPro Tip: Understanding USDP's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
USDP (USDP) Price Prediction
Building on tokenomics and past performance, price predictions for USDP aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of USDP? Check it out now!
USDP Price PredictionDisclaimer
The information on this page regarding USDP (USDP) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
USDP-to-USD Calculator
Amount
1 USDP = -- USD
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