Paxos (USDP)

Paxos (USDP) Price

Rank 698

$1.0011
-$0.0007(-0.07%)

Market Cap

$23.52M

24h High

$1.0175

24h Low

$0.9983

24h Turnover

$2.91K

Total Supply

40.56M

Market Sentiment

Neutral

Paxos (USDP) Price Performance

View Paxos (USDP) Price Prediction

Paxos (USDP) has a Last Price of $1.0011, with a 24h change of -0.07%. The 24h low is $0.9983, the 24h high is $1.0175, and the 24h turnover is $2.91K. The current market cap is approximately $23.52M, ranking 698 by market cap and accounting for 0.00077% of the total crypto market cap. The All-Time High is $1.1800 (⁦2024-04-16⁩), with a change from the All-Time High of -15.16%.

  • 7 Days

    +0.77%

    Low
    $0.9901
    High
    $1.0324
  • 30 Days

    +0.30%

    Low
    $0.9023
    High
    $1.1600
  • 90 Days

    +0.13%

    Low
    $0.9023
    High
    $1.1600
  • 1 Year

    +0.14%

    Low
    $0.9023
    High
    $1.1600

Fear & Greed Index

0 Extreme Fear100 Extreme Greed
Yesterday
55
Normal
Last Week
62
Greed
Last Month
70
Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Paxos (USDP) Fall in the Last 24 Hours?

USDP is a dollar-pegged stablecoin issued by Paxos. In low-liquidity conditions, even modest trading can amplify a slight deviation from its peg; unavailable volume data makes market participation difficult to assess. During 2026-10-19 to 2026-10-20, total depth across the top five order-book levels was about $6,000, and a 1,200-unit sell order at $1.0019 may have limited a return toward the peg. Technical signals were mixed: the daily MACD showed a bearish crossover and the one-hour moving averages were bearish, while the four-hour moving averages were bullish and ADX indicated a strong trend. RSI was neutral across all timeframes. These factors are consistent with peg fluctuations in low-liquidity conditions, but do not establish a specific event as their cause.

About Paxos (USDP)

PAX (Paxos Standard) is the world's first compliant stable currency, issued by blockchain startup Paxos and regulated by the New York Financial Services Department, aimed at providing; Digital alternatives to cash; To provide liquidity for investors trading encrypted assets for real-time transaction settlement across all asset classes. It is a stable currency supported by 1:1 US dollars, with 1 PAX equal to 1 US dollar. All PAX reserves will be 100% mortgaged against the fully held US dollars. PAX is built based on Ethereum's ERC-20 standard and can be sent between any two wallets on the Ethereum network. Verified Paxos customers can purchase or redeem PAX on their company website. PAX is an Ethereum based ERC-20 token, so PAX is automatically listed on most Ethereum supported cryptocurrency exchanges. As an ERC-20 token, PAX is neither exploitable nor mortgaged, and can only be purchased or exchanged. The entire physical structure of PAX services is based on smart contracts that control one-on-one transactions between PAX and the US dollar. As mentioned earlier, the total supply of Paxos standard tokens is supported by the legal tender in reserves. In order to mint and destroy tokens, there is a supply controller address. PAX tokens are open source and their code can be found on the GitHub page. &Nbsp& Nbsp; As a digital asset, Paxos Standard can be instantly moved anywhere in the world. It is based on the Ethereum blockchain and provides the benefits of encrypted assets such as invariance and decentralized accounting. As it is fully collateralized in US dollars, Paxos Standard provides a digital alternative to cash flow that can be traded immediately, 24/7, and fully convertible. As a trust company, Paxos is the trustee and qualified custodian of client funds, thus providing greater protection for client assets than any other existing stable currency. US dollar deposits have been deposited in separate accounts with multiple FDIC insurance US registered banks. &Nbs

Use Cases and Features

Pax Dollar (USDP) is a U.S. dollar-denominated stablecoin available on the Ethereum and Solana networks. It can be used to hold and transfer digital dollars on-chain, pay parties that accept USDP, and trade or exchange through supported services. Its design seeks to reduce price volatility against the dollar through reserve backing and 1:1 U.S. dollar redemption, though on-chain transfer speed and fees still depend on the network used.

Supply and Issuance Mechanism

USDP is managed by Paxos Trust Company, N.A. and backed by U.S. dollar reserves and eligible cash-equivalent assets held for customers' benefit, with the aim of maintaining a redemption value of 1 U.S. dollar per USDP. Reserves correspond to the amount issued; Paxos provides reserve-related reports and attestation reports from independent accountants. Direct U.S. dollar redemption requires a Paxos account and is subject to verification, compliance review, applicable minimum amounts, and other conditions.

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Frequently Asked Questions About Paxos (USDP)

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Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

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