Pax Dollar | USDP Digital Asset Info | MEXC Exchange

Pax Dollar Quick Project Information

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.
You can find more information about Pax Dollar history, system features and how to use it in MEXC Blog.

USDP on MEXC

If you are looking to buy, trade or hold Pax Dollar (USDP) – consider MEXC Exchange as your first stop! With our products the process will be convenient, fast and secure! Just by clicking buttons below you will find detailed instructions on how to buy Pax Dollar or access MEXC USDP and other crypto markets & trading terminals.

Furthermore, after you register on MEXC, you will be able to start trading crypto derivatives based on Pax Dollar to gain higher income. You can join perpetual futures contracts with up to 200x leverage and margin trading.