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Pax Dollar (USDP) Price
 

Pax Dollar (USDP) Price

$1.0002 0.05%

24H
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Latest Updates

Updated at 22:02

Market cap

$67,969,662.45 

Market rank

#477 

Volume 24H

$16,867,352.65 255.02%

Price change 24h

+$0.00054 0.05%

Price change 7d

+$0.00059 0.06%

What about Pax Dollar?

USDP is a cryptocurrency that was developed by Paxos Trust Company to offer stability to the volatile market of cryptocurrencies. It is pegged at a 1:1 ratio with the US dollar, making it an appealing choice for those who want to trade in digital currencies but are worried about harsh market fluctuations.

The Paxos Trust Company ensures that every unit of USDP in circulation corresponds with an equivalent amount of dollars held in reserve. These reserves can be audited at any time by third-party accounting firms, providing transparency and accountability.

Unlike Bitcoin and other volatile cryptocurrencies, the value of USDP remains constant against the US dollar except for minor fluctuations due to transaction related trading fees on specific exchanges or platforms. This means that users of USDP will not experience the massive price swings commonly associated with other digital currencies.

Another significant benefit of using this digital currency is low transaction fees. The fee structure is transparent and straightforward and based on network usage rather than speculation or fluctuating exchange rates.

To purchase USDP, users can exchange their fiat currency (e.g., USD) for it through multiple exchanges or through a direct purchase on selected platforms. Once purchased or exchanged into USDP, it can be sent globally within seconds from one wallet address to another without geographical restrictions usually associated with traditional cross-border transactions.

Buy Pax Dollar Without Any Hassle

All you need is a bank account or debit/credit card.
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FAQ

What determines the price of Pax Dollar?

The price of Pax Dollar is determined by a range of factors, including supply and demand, market news and events, investor sentiment, and competition from other cryptocurrencies.
Investors can follow the performance of USDP on various platforms, including online exchanges and price-tracking websites like Changelly. By monitoring market news and keeping up to date on the cryptocurrency's performance, investors may gain insights into its prospects and make informed investment decisions.
However, it's worth keeping in mind that cryptocurrency prices are highly volatile and can fluctuate rapidly, so you should exercise caution and conduct your research before investing.

What was the starting price of Pax Dollar?

The starting price of an asset refers to the price at which it debuted on the market.
The change in price is due to various factors, including mainstream acceptance of the cryptocurrency, the size of the initial offering, and the level of demand from investors.
You can find historical price data for USDP on Changelly's real-time charts. They offer valuable insights into the cryptocurrency's past performance and can help you make informed investment decisions.
When investing in cryptocurrencies, keep in mind that prices can change quickly due to market conditions and other factors.

What was the highest price of Pax Dollar?

The highest price of Pax Dollar refers to the highest value that it has ever achieved on the market. This can be influenced by a range of factors, including market demand, investor sentiment, and the overall health of the cryptocurrency ecosystem.
You can track real-time prices of USDP with just a few clicks on Changelly. Our platform provides you with access to historical price data so you can easily analyze the performance of the cryptocurrency over time. Interactive charts make it super easy to understand and help you stay on top of market trends, identify key price points, and keep up with the latest industry developments all in one place.
It is important to note that the highest price ever reached by a cryptocurrency in the past does not always mean it is going to do well in the future. So, before investing, you should exercise caution and do your research.

What was the lowest price of Pax Dollar?

Cryptocurrencies are known for their volatile nature, and their prices can fluctuate rapidly in a short period. As a result, traders are always keen to know the lowest price of a cryptocurrency to assess its potential risks and returns.
With Changelly's live charts, you can easily view historical price data for a wide range of cryptocurrencies, including Pax Dollar. Our charts provide a wealth of information on the performance of an asset, including its lowest price point.
It is crucial to remember that the crypto's previous lows do not mean it is doomed to fail. Before making any investments, take your time to research and proceed with caution.

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