Paxos is the first regulated blockchain infrastructure platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is building a new system that allows assets to move instantaneously, anywhere in the world, at any time.
Paxos Coin uses technology to tokenize, custody, trade and settle assets for enterprise clients. It enables fintechs and financial institutions to offer crypto capabilities to their users through its Paxos Crypto Brokerage and Stablecoin as a Service products. It also offers settlement solutions for securities and commodities. Paxos clients include global enterprises PayPal, Credit Suisse, Societe Generale, StoneX and Revolut.
Paxos is a top-funded blockchain company with more than $500 million in total funding from leading investors like OakHC/FT, Declaration Partners, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.
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 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.
Important Points Table Of Paxos Coin
| Basic | Points |
|---|---|
| Coin Name | Paxos Coin |
| Short Name | USDP |
| Total Supply | 945,642,940 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Paxos Coin () Coin & Trade On Exchange?
The USDP Advantage
Redeemable one-to-one
Convert USDP to equivalent US Dollars at any time. Paxos offers unparalleled assurance to customers that their USDP is backed one-to-one by the dollar.
Regulated
USDP is subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection.
Fully Reserved
Paxos Coin reserves are held in cash and cash equivalents, meaning that customer funds are always kept safe and available for redemption.
Store and send money with USDP
Send money easily and safely
USDP gives customers the ability to store and send US Dollars with freedom, unrestricted by the limits of traditional banking. Move money instantaneously, anytime, across borders.
Available to anyone
With only a mobile phone, you can create an account and use Paxos Coin to store and send money or access crypto markets. USDP provides financial access to everyone – even the 1.7 billion adults globally without bank accounts.
Monthly Attestations
USDP is reviewed by a top-ranking auditing firm on a monthly basis to verify its supply matches the reserve account comprised of US Dollars and debt instruments that are expressly guaranteed by the full faith and credit of the United States Government, including through repurchase agreements and/or money-market funds composed of such debt instruments. We make every report available – because your money matters.
Core Values
Paxos Coin hold ourselves to a high standard to impact the world in a positive way. They operate by these principles:
Search for the Truth
They obsess over the right answers to the right questions.
Shared Commitment to Excellence
Paxos Coin are relentlessly self-improving.
Real-Time Candor
They communicate directly and honestly with each other.
Be an Owner
They drive results, even outside the roles.