BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

BITCOIN

₹58,41,501.10

2.676%

ETHEREUM

₹2,88,770.38

7.956%

TETHER USDT

₹91.10

0.011%

BNB

₹50,804.76

4.339%

SOLANA

₹15,518.58

1.503%

USDC

₹91.10

0.019%

XRP

₹54.66

0.599%

DOGECOIN

₹11.18

6.057%

CARDANO

₹35.95

3.415%

TRON

₹12.20

0.164%

AVALANCHE

₹2,496.71

4.583%

SHIBA INU

₹0.00147

5.299%

POLKADOT

₹513.92

4.868%

CHAINLINK

₹1,181.23

6.226%

BITCOIN CASH

₹32,041.59

3.906%

NEAR PROTOCOL

₹507.21

2.056%

LITECOIN

₹6,281.90

5.086%

POLYGON

₹45.66

6.254%

PEPE

₹0.001071

3.186%

INTERNET COMPUTER

₹855.11

3.557%

Home

/

Coins

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Pax-dollar

USDP

Pax Dollar

USDP

₹91.11

LIVE

24H Low ₹91.07

24H High ₹91.12

Price of USDP today

The current live price of USDP today is ₹91.11, with a 24-hour trading volume of ₹6,48,74,762.41. Our USDP to INR price is updated in real-time. USDP has seen a increment of 0.00% in the last 24 hours. With a live market cap of ₹10,69,09,71,679.42 , the circulating supply is at 117,399,806 USDP coins, with a maximum supply of 117,399,806USDP coins.

Pax Dollar Price History

Date ComparisonAmount Change% Change
Today₹0.02

0.02%

7 Days-₹0.02

0.02%

30 Days-₹0.05

0.06%

1 Year₹0.00911

0.01%

Pax Dollar Price Information

Price Change (1hr)

0.02%

Price Change (24hr)

0.02%

Price Change (7d)

0.02%

Pax Dollar Market Stats

Market Cap

₹10,69,09,71,679.42

Fully Diluted Market Cap

₹10,69,09,71,679.42

24hr Volume

₹6,48,74,762.41

6.38%

Circulating Supply

117399805.79 USDP

Total Supply

117399805.79 USDP

Things to know about Pax Dollar

What is the token?

Pax Dollar (USDP), formerly known as Paxos Standard (PAX), is a stablecoin that is fully collateralized by the US dollar and issued by the Paxos Trust Company. As a regulated financial institution, Paxos Trust Company ensures that each USDP token is backed 1:1 by US dollars held in reserve. USDP operates on the Ethereum blockchain as an ERC-20 token, allowing for seamless integration with various digital wallets and exchanges. The token aims to combine the stability and trust of traditional fiat currencies with the efficiency and global reach of digital currencies, providing a stable digital asset for transactions and value storage.

Tokenomics

  • USDP is pegged 1:1 to the US dollar, ensuring price stability.

  • The total supply of USDP is dynamic, corresponding to the amount of USD held in reserves.

  • USDP operates as an ERC-20 token on the Ethereum blockchain.

  • The reserves backing USDP are held in cash and cash equivalents.

  • Paxos Trust Company, as a regulated entity, ensures full collateralization and legal protection for USDP holders.

Market Data

As of today #{today’s date}, the price of Pax Dollar is ₹91.11 INR or 1.0001 USD, with a 24-hour trading volume of 712126.92 USD. The market capitalisation for Pax Dollar is 117354244.56USD. The circulating supply is 117399805.79 Pax Dollar, with the total supply also being 117399805.79 Pax Dollar.

Token Pros and Cons

Pros:

  • Regulated and Secure

  • : USDP is issued by a regulated financial institution, providing a high level of security and trust for users.

  • Stable Value

  • : Being pegged to the US dollar, USDP offers minimal volatility compared to other cryptocurrencies, making it a reliable store of value.

  • Transparent Reserves

  • : The reserves backing USDP are held in cash and cash equivalents, with regular attestations to verify the 1:1 collateralization.

  • Wide Acceptance

  • : As an ERC-20 token, USDP is compatible with a broad range of wallets and exchanges, facilitating easy transactions.

  • Redemption Assurance

  • : USDP can be redeemed 1:1 for US dollars at any time, providing holders liquidity and ease of exit.

Cons:

  • Centralization Risks

  • : Being issued by a single entity, USDP is subject to the risks associated with centralization, including regulatory changes and company-specific issues.

  • Smart Contract Vulnerabilities

  • : As an ERC-20 token, USDP is reliant on smart contract technology, which can be susceptible to bugs or exploits.

  • Market Adoption

  • : The success of USDP is dependent on its adoption within the cryptocurrency ecosystem, which is not guaranteed.

  • Competitive Market

  • : USDP faces competition from other stablecoins, which could affect its market share and relevance.

  • Regulatory Uncertainty

  • : The regulatory environment for cryptocurrencies is still evolving, which could impact the operations and acceptance of USDP.

Why Should You Invest in the coin?

  • Regulatory Compliance

  • : USDP’s adherence to regulatory standards provides security and compliance that appeals to cautious investors.

  • Stability

  • : The stable value of USDP makes it an attractive option for those looking to avoid the volatility of traditional cryptocurrencies.

  • Liquidity

  • : The ability to redeem USDP for US dollars ensures that investors can easily convert their holdings into fiat currency.

  • Integration

  • : USDP’s compatibility with the Ethereum ecosystem allows for seamless use in various decentralized applications and services.

  • Institutional Trust

  • : Paxos Trust Company’s reputation and partnerships with established financial institutions may instill confidence in potential investors.

USP of the coin

  • Regulated Stablecoin

  • : USDP is one of the few stablecoins regulated by the New York State Department of Financial Services, offering high consumer protection.

  • Full Collateralization

  • : Each USDP token is backed by a corresponding US dollar, ensuring its value is consistently maintained.

  • Bankruptcy Remote

  • : In the event of Paxos Trust’s insolvency, customer assets are protected and held in segregated accounts.

Problem the coin is solving

USDP addresses the issue of cryptocurrency volatility by providing a stable digital currency that can be used for transactions, trading, and value storage without the price fluctuations associated with other digital assets.

Founder and team background

The Paxos Trust Company, the issuer of USDP, was co-founded by Charles Cascarilla and Rich Teo. The team’s background includes extensive experience in financial services, blockchain technology, and regulatory compliance, positioning them to effectively manage a regulated financial product like USDP.

ICO Price

The Pax Dollar (USDP), formerly known as Paxos Standard (PAX), does not have an ICO (Initial Coin Offering) price in the traditional sense because it is a stablecoin, designed to be pegged 1:1 with the US dollar. Therefore, its value is intended to always equal that of a single US dollar, with reserves held entirely in cash and cash equivalents to support this peg.

Risks Associated in Investing in the Coin

  • Regulatory Changes

  • : Any shifts in the regulatory landscape could impact the operation and acceptance of USDP.

  • Market Competition

  • : The presence of multiple stablecoins in the market could dilute USDP’s market presence and value.

  • Centralization Concerns

  • : The centralized issuance of USDP may lead to risks not present in decentralized cryptocurrencies.

  • Smart Contract Security

  • : Potential vulnerabilities in the smart contract code could pose risks to USDP holders.

  • Adoption Rates

  • : The overall success of USDP is contingent on its adoption within the broader cryptocurrency ecosystem.

Whitepaper Insights

The Pax Dollar (USDP) whitepaper presents it as a stablecoin issued by the regulated Paxos Trust Company. It maintains a 1:1 peg with the US dollar to ensure stability amidst cryptocurrency market volatility. It is fully backed by USD reserves, providing transparency and redeemability. USDP is pegged 1:1 to the US dollar, ensuring its value remains stable compared to the volatile cryptocurrency market. This stability is achieved through full collateralization, with each USDP backed by an equivalent amount of US dollars held in reserve.

Key Features and Benefits

  • Regulated and Secure

  • : USDP operates under the strict regulatory oversight of the New York State Department of Financial Services, providing high consumer protection.

  • Transparent and Redeemable

  • : The reserves backing USDP are held 100% in cash and cash equivalents, ensuring transparency and allowing for 1:1 redemption at any time.

  • Bankruptcy Remote

  • : In the event of Paxos Trust’s insolvency, customer assets are protected and held in segregated accounts, making them bankruptcy remote under New York banking law.

Use Cases and Functionality

USDP can be used for various financial transactions, including trading on cryptocurrency exchanges, making purchases, and serving as a form of savings. Its digital nature allows transactions to be made globally at any time, providing convenience and flexibility. The process for purchasing and redeeming USDP is straightforward, facilitating easy conversion between USDP and US dollars.

Market Adoption and Growth

Since its launch in September 2018, USDP has seen growing adoption among users and businesses worldwide. It has become an important stablecoin in the digital asset ecosystem, with over $1 billion market capitalization. Paxos has also launched other stablecoins, such as PAX Gold (PAXG) and Binance USD (BUSD), further expanding its offerings.

Regulatory Compliance and Security

USDP’s regulatory compliance and security measures are highlighted as key advantages. It is fully regulated and approved by the New York State Department of Financial Services, with each USDP fully backed by US dollars held in reserve. These reserves are regularly audited and made public, enhancing transparency and trust. Advanced blockchain technology ensures secure transactions with cryptographic protections in place.

Vision for the Future

The whitepaper for Paxos envisions USDP playing a pivotal role in creating an open, digital economy accessible to anyone with a smartphone or internet connection. It aims to drive greater efficiency in global payments and provide financial access to the unbanked, making regulated digital dollars ubiquitous.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9110

0%

USDP to Converter

Quantity

USDP

USDP

Price

fiat

Price as per 03:26 AM • 25 Jul 2024

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What is the price of Pax Dollar (USDP)?

The current price of Pax Dollar (USDP) in INR is ₹91.11 INR.

What is the current USDP market cap?

The current market capitalization of Pax Dollar (USDP) is ₹10,69,09,71,679.42 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of USDP by the number of coins in circulation.

What is the current supply of Pax Dollar (USDP)?

The current supply of Pax Dollar (USDP) is 117399805.79 USDP. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Pax Dollar (USDP)?

The 24-hour trading volume of Pax Dollar (USDP) in INR is ₹6,48,74,762.41. This figure represents the total value of all USDP transactions across various exchanges within the last 24 hours.

How to Buy Pax Dollar (USDP) in India?

To buy Pax Dollar (USDP) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in USDP.

Can I buy Pax Dollar (USDP) with UPI?

Yes, you can buy Pax Dollar (USDP) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Pax Dollar (USDP) to Indian Rupee (INR)?

To convert Pax Dollar (USDP) to Indian Rupee (INR), you can use our USDP/INR conversion rates in real time.

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